Well Drill Program and Renewed Credit Facility by Calima Energy
Post the Russia-Ukraine war, Energy drilling in Australia has slowed down. However, to boost their oil production, Calima Energy announced their 4 Well Drilling Campaign in Brooks. In the initial days of 2022, the honourable President and CEO of BLACKSPUR OIL CORPORATION, MR JORDAN KEVOL, stated its 4 Well Drill Program and Renewed Credit Facility stating that:
“The Company has officially kicked off its post-spring break-up drilling program. The wells scheduled for Q3-2022 are getting a head start based on favourable weather conditions and the availability of a preferred drilling rig. Drilling is anticipated to take 6 weeks for the 4 wells, and the first production is expected from the Gemini wells by 31 July as the wells are on lease tie-ins.”
Calima Energy Has Started Its Four-Well Drilling Program
After the success of Gemini #5 in the first quarter of 2022, Gemini #8 has been spudded and has continued the drilling process for ten days up to 670 meters deep. The commencement of drilling the Gemini #9 will start in mid-June and will continue for the next eight days with a length of 1050 meters. It is a follow-up to Gemini #3, which was spudded during July 2021. Both the wells, Gemini #8 and #9, are spudded in Brooks with a Sunburst formation.
The anticipated spudding time for Pisces #4 and #5 is considered somewhere in late June or early July, which will continue for almost nine consecutive days. The drilling length of Pisces #4 is somewhere around 1650 meters, whereas the drilling length of Pisces #5 is somewhere around 1415 meters. These wells are the follow-ups of the Glauconitic wells that Blackspur drills.
