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schwing update

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    Spartan Schwing #2

    Location: Bayou Choctaw, Iberville Parish, Louisiana
    Status: The Spartan Schwing #2 well has reached total measured depth of 14,386 feet, and
    the hole is being conditioned to run electric logs over the open-hole interval from
    12,710 to 14,386 feet. The geological deep section cut by the well has conformed
    closely to the pre-drilling prognosis. Multiple gas show zones and sands have been
    encountered in this section. These will be further evaluated on the open-hole logs
    which should be completed within the next 72 hours.
    Target Depth: The Upthrown Nodosaria prospect lies at depths of 13,500 – 14,500 feet.
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