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Today's Oil & Gas Update - US rig count pushes higher as oil prices remain steady

Today's Oil & Gas Update - US rig count pushes higher as oil prices remain steady
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i3 Energy PLC Announces Operational Update


i3 Energy PLC Announces Operational Update
Marten Hills Clearwater Drilling
Well completion, production equipment installation and tie-in operations have been completed for wells 01-12-075-26W4 and 02-12-075-26W4. Eight horizontal lateral legs (totalling 13,057m in the 01-12 well and 12,644m in the 02-12 well, at a maximum true vertical depth of 630m) were drilled from each wellbore and encountered a clean upper shoreface sandstone, with porosities ranging from 24% to 27%, and oil was evidenced throughout via oil shows on cuttings. The wells are now on production and flowing back drilling fluid. This clean-up process is expected to take approximately three to four weeks, after which the market will be updated on initial stabilised oil flow rates. ....

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