Kentucky USA Energy, Inc. Announces Reaching Total Depth on Hunter Wells #1admin
Kentucky USA Energy, Inc., an early stage natural gas exploration and production company, announced today that the Company reached total depth (“TD”) of 2,431 feet on Hunter Wells #1. After logging the well, the log confirms that the shale formation encountered in this well is comparable to that of the wells evaluated in the Company’s original reserves study. The 4 ½” production casing will be run into the well and cemented as further completion on Hunter Wells # 1 is ongoing.
In addition, drilling is presently at 2,430 feet on J & J Johnston #2 and at 2,258 feet on Francis Grace #2; both wells are expected to reach TD this week.
Headquartered in London, KY, Kentucky USA Energy, Inc. engages in the acquisition, exploration, and development of oil and natural gas resource properties, with a primary focus on New Albany shale gas in the Illinois Basin in western Kentucky. The Company is a growing independent energy company with, it believes, the experience and technological expertise to develop its gas resources in the Illinois Basin’s New Albany Shale.
More information about the Company may be found at www.kusaenergy.com