PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Octagon 88 Resources, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Octagon 88 Resources Announces Final AGAT Lab Results on the Successful Bluesky Gething Well - Octagon 88 Resources, Inc. has now received the AGAT laboratories final analysis report from CEC North Star Energy Ltd providing analysis data from the core samples taken from the Bluesky Gething coring operations carried out in March 2013
Octagon 88 Resources Announces Final AGAT Lab Results on the Successful Bluesky Gething Well

 

NewswireToday - /newswire/ - Calgary, Alberta, Canada, 2013/04/25 - Octagon 88 Resources, Inc. has now received the AGAT laboratories final analysis report from CEC North Star Energy Ltd providing analysis data from the core samples taken from the Bluesky Gething coring operations carried out in March 2013.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The full report includes the information previously released and final results - consisting of Depth 440-470 (m), Gross Pay approximately 20 (m). Calculated porosity range from 24% to 32%, Permeability range of the samples of .5 to 2.8 darcies with the median about 1.2 darcies, Oil Saturation range from 60 to 80%, Oil Gravity 10.73 (API) at reservoir conditions in the lower zone. No API was obtained from the upper zones. The full AGAT report will be filed as an 8k in the company’s filings.

This report matches the prior advice from the CEC North Star technical team that this Bluesky/Gething project has oil and rock properties which are likely to be developed with primary production followed later by Enhanced Oil Recovery Methods (“EOR”) and then possibly a thermal project. This has confirmed we have comparable oil and rock properties to the other major producers in the Peace River Area of north western Alberta.

A 3D seismic program has been commissioned for July with the intent to more fully map the Bluesky channel and provide drill locations for subsequent development work. This type of oil sands project with the oil and rock properties reported in the third party lab report is typically developed with vertical wells with multiple horizontal laterals followed by EOR. Baytex, Murphy, Pennwest and others are using this development model successfully with some reporting current daily production in excess of 20,000 barrels a day.

The Company will license primary production test wells for drilling in the 4th quarter of 2013. The AGAT lab results and core samples are now being used to establish optimum production methods by simulation studies providing then recovery rates. These results are expected late May, 2013 with licensing of the drill locations beginning after the 3 D seismic program is completed in July.

The Company is very pleased with the Blue Sky project now being officially confirmed by third parties. The Elkton Erosional Edge results are expected near term and we expect similar confirmation of the second project resulting from that successful coring program.

Submitted by ePozition (ePozition.com) on behalf of Octagon 88 Resources, Inc.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Octagon 88 Resources, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Octagon 88 Resources Announces Final AGAT Lab Results on the Successful Bluesky Gething Well

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Alexander Baldi - Octagon-88.com 
+41 79 237 6218 info[.]octagon-88.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Octagon 88 Resources, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Octagon 88 Resources, Inc. / Company Profile


Read Energy Most Recent Related Newswires:

GE Launches OnBoard* - an Integrated Service Offering for Offshore Oil and Gas Water Treatment
Enel Begins Operations of New 150 MW Wind Farm in the United States
GE Announces Clarke Energy as a Jenbacher Gas Engines Distributor for an Additional Six Countries in Africa
ABB At Hannover Messe 2017 - Showcasing Customer Value in the Digital Age
Nord Stream 2 AG and European Energy Companies Sign Financing Agreements
GE Completes Acquisition of LM Wind Power
Enel Starts Construction of 300 MW Red Dirt Wind Farm in United States
ET Solar and DSM Announce Strategic Partnership to Accelerate Market Penetration of PV Modules Featuring Unique Sustainable and Durable Backsheets
El Lago Named 'Green Power Community' in Texas by U.S. EPA
GE and Southern California Edison Debut World’s First Battery-Gas Turbine Hybrid
GE Successfully Installed the First Unit of 1,500-Volt Solar Inverter in Japan
ENGIE Wins A 338 MWp Solar Project in India
GE & MGH Mark Commercial Operations of 9F Gas Turbines At Baghdad Power Plant
ENGIE and Axium Secure 50-year Comprehensive Energy Management Contract with The Ohio State University in the US
ENGIE Axima Chosen by the Shipyard MV Werften within the Scope Limit of the Building of 2 XXL Cruise Ships

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  MagLar, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)