Tatonka Oil and Gas announces spud of 1st coal bed methane well
Tatonka Oil and Gas, Inc. has spud the first of five Coal Bed Methane (CBM) appraisal wells on its leasehold of over 15,000 acres in the Sand Wash Basin of northwestern Colorado.
The Eldon Gerber 7-24-7-92 is targeting the Williams Fork Formation (Mesaverde Group) coals above an estimated total depth of 4,000 feet.
Management anticipates the well will reach total depth in about four days. Well completion and testing will begin in early to mid-January 2007. Extensive reservoir parameter testing will be conducted on this well and results should be available to management early in 2007.
Management plans to drill four additional appraisal wells on Tatonka’s Sand Wash Basin position in Moffat Count. Tatonka’s Sand Wash Basin leasehold position was estimated by Hampton & Associates, Inc. in May 2006 to hold 1.4 TCF of CBM resources.
