Owner
Post by Franko10 ™ on Feb 22, 2005 22:18:45 GMT -5
GOLDEN ARCH RESOURCES LTD.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5 Phone: (604) 681-8222 Fax: (604) 681-8282
www.GoldenArchResources.com
GAI: TSX Venture
Exemption 12g3 - 2(b)
GARCF: O.T.C
SEC File # 82-659
NEWS RELEASE
YOUNG #2-66 WELL, IN WORLD CLASS TEXAS FIELD
May 5, 2004 – Golden Arch Resources Ltd. (the “Company”) is pleased to present the technical report on the most recent gas well drilled in Texas on behalf of the Company and partners.
W. C. Payne
Young #2-66
Hemphill-Major Creek Fields
Hemphill County, Texas
Post Well Summary
(4-30-2004)
Introduction
The Young #2-66 was drilled in south central Hemphill County approximately 11 miles south of Canadian, Texas. The well was drilled to a depth of 12,744’ where intermediate casing was run covering the Granite Wash intervals; subsequently the well was drilled deeper to a total depth of 13,518’ where 4 ½” production casing was set.
The well is located in the middle of the Hemphill (Granite Wash) gas field. This field is a world class prolific producing area with per well cumulative production commonly in excess of 4,000,000 [MCFG]. Production from the field is from the upper Granite Wash, a detritus zone generated by the erosion of the nearby buried Wichita Mountains. The field is currently active and is depth segregated. Golden Arch has the right to earn an interest from the base of the Upper Granite Wash (current producing horizon) approximately 11,200’ and below. The prospect was drilled anticipating only the Morrow sand, but serendipity has allowed for new discovery in the lower Granite Wash interval as well as a Morrow sand interval.
Granite Wash
The Granite Wash as mentioned above is a detrital deposit sourced by the rapid erosion from the nearby buried Wichita Mountains immediately to the south. The field currently produces from what is commonly referred to as the “A” and “B” zones and with some extent the “C” zone. The field wells are multi [BCFG] producers with field pay thickness in the immediate wellbore, as well as offsets, of as much and over 350’ pay.
The lower Granite Wash, from which the Company has the right to earn interest, was not penetrated, except in a very few area wellbores, and was not perforated in any area wellbore. The interval includes a portion of the Granite Wash “C”, “D”, “D” lower, and “E” zones. Pay thickness is well in excess of 300’ and approaches as much as 400’ using a 10% porosity cutoff. Gas shows were phenomenal in the interval, with nearly each porosity zone giving strong chromatograph shows and the thicker intervals reaching over 4,000 unit’s gas.
Morrow Sands
The Morrow sands begin at the base of the Granite Wash and extend below the current well total depth. The sands are commonly chert conglomerates as in the case of this well, and have been capable of producing multiple [BCFG] per individual interval. In the #2-66 Young wellbore, two separate Morrow sands were encountered. Each sand encountered good drilling breaks during drilling operations and each calculates to be gas productive, but appear relatively low in porosity. Gas shows were poor due to extremely high mud weights to contain gas. Reservoir properties are as follows;
Morrow Sand: 12,949’-12,964’
Net Ft. Pay: 15’<br>Porosity: 8% max, 6% average
Microlog Permeability: 6’ Fair
Water Saturation: 39%
Hydrocarbon Saturation 61%
Probable Production gas, low porosity
Morrow Sand: 13,053’-13,066’<br>
Net Ft. Pay: 13’<br>Porosity: 9% max, 7.5% average
Microlog Permeability: 5’ Good, 6’ Fair
Water Saturation: 28-38%
Hydrocarbon Saturation 62-72%
Probable Production gas, low porosity.
Conclusions and Recommendations
The #2-66 wellbore has encountered two separate Morrow sands, both capable of producing hydrocarbons and a Granite Wash section in excess of 300’ pay interval. The well is currently in preparation for perforating and testing the Morrow sand intervals. These zones are relatively low in porosity, but with anticipated pressures of 6,000# the zones could very well be prolific or at least commercially productive and warrant testing.
In the case of an unsuccessful completion from the Morrow intervals or upon depletion of these zones the Lower Granite Wash is recommended for completion. Should the Morrow intervals be exceptional producers, it may be necessary to twin the well in order to facilitate the Lower Granite Wash production.
On behalf of the Board of Directors,
“B. Keith Shirley”<br>
B. Keith Shirley, PG
Geologist, Director Golden Arch Resources
The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5 Phone: (604) 681-8222 Fax: (604) 681-8282
www.GoldenArchResources.com
GAI: TSX Venture
Exemption 12g3 - 2(b)
GARCF: O.T.C
SEC File # 82-659
NEWS RELEASE
YOUNG #2-66 WELL, IN WORLD CLASS TEXAS FIELD
May 5, 2004 – Golden Arch Resources Ltd. (the “Company”) is pleased to present the technical report on the most recent gas well drilled in Texas on behalf of the Company and partners.
W. C. Payne
Young #2-66
Hemphill-Major Creek Fields
Hemphill County, Texas
Post Well Summary
(4-30-2004)
Introduction
The Young #2-66 was drilled in south central Hemphill County approximately 11 miles south of Canadian, Texas. The well was drilled to a depth of 12,744’ where intermediate casing was run covering the Granite Wash intervals; subsequently the well was drilled deeper to a total depth of 13,518’ where 4 ½” production casing was set.
The well is located in the middle of the Hemphill (Granite Wash) gas field. This field is a world class prolific producing area with per well cumulative production commonly in excess of 4,000,000 [MCFG]. Production from the field is from the upper Granite Wash, a detritus zone generated by the erosion of the nearby buried Wichita Mountains. The field is currently active and is depth segregated. Golden Arch has the right to earn an interest from the base of the Upper Granite Wash (current producing horizon) approximately 11,200’ and below. The prospect was drilled anticipating only the Morrow sand, but serendipity has allowed for new discovery in the lower Granite Wash interval as well as a Morrow sand interval.
Granite Wash
The Granite Wash as mentioned above is a detrital deposit sourced by the rapid erosion from the nearby buried Wichita Mountains immediately to the south. The field currently produces from what is commonly referred to as the “A” and “B” zones and with some extent the “C” zone. The field wells are multi [BCFG] producers with field pay thickness in the immediate wellbore, as well as offsets, of as much and over 350’ pay.
The lower Granite Wash, from which the Company has the right to earn interest, was not penetrated, except in a very few area wellbores, and was not perforated in any area wellbore. The interval includes a portion of the Granite Wash “C”, “D”, “D” lower, and “E” zones. Pay thickness is well in excess of 300’ and approaches as much as 400’ using a 10% porosity cutoff. Gas shows were phenomenal in the interval, with nearly each porosity zone giving strong chromatograph shows and the thicker intervals reaching over 4,000 unit’s gas.
Morrow Sands
The Morrow sands begin at the base of the Granite Wash and extend below the current well total depth. The sands are commonly chert conglomerates as in the case of this well, and have been capable of producing multiple [BCFG] per individual interval. In the #2-66 Young wellbore, two separate Morrow sands were encountered. Each sand encountered good drilling breaks during drilling operations and each calculates to be gas productive, but appear relatively low in porosity. Gas shows were poor due to extremely high mud weights to contain gas. Reservoir properties are as follows;
Morrow Sand: 12,949’-12,964’
Net Ft. Pay: 15’<br>Porosity: 8% max, 6% average
Microlog Permeability: 6’ Fair
Water Saturation: 39%
Hydrocarbon Saturation 61%
Probable Production gas, low porosity
Morrow Sand: 13,053’-13,066’<br>
Net Ft. Pay: 13’<br>Porosity: 9% max, 7.5% average
Microlog Permeability: 5’ Good, 6’ Fair
Water Saturation: 28-38%
Hydrocarbon Saturation 62-72%
Probable Production gas, low porosity.
Conclusions and Recommendations
The #2-66 wellbore has encountered two separate Morrow sands, both capable of producing hydrocarbons and a Granite Wash section in excess of 300’ pay interval. The well is currently in preparation for perforating and testing the Morrow sand intervals. These zones are relatively low in porosity, but with anticipated pressures of 6,000# the zones could very well be prolific or at least commercially productive and warrant testing.
In the case of an unsuccessful completion from the Morrow intervals or upon depletion of these zones the Lower Granite Wash is recommended for completion. Should the Morrow intervals be exceptional producers, it may be necessary to twin the well in order to facilitate the Lower Granite Wash production.
On behalf of the Board of Directors,
“B. Keith Shirley”<br>
B. Keith Shirley, PG
Geologist, Director Golden Arch Resources
The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
