Project Profile
Value: Undisclosed
Location: Fremont County, Colorado, USA
Production (estimated): 500 barrels of oil per day
The West Florence Prospect is located in Fremont County Colorado, immediately adjacent to the second oldest oil field in the United States, the Florence Field. Florence Field was discovered in the 1800’s and has produced an estimated 15 million barrels of oil. A well drilled in West Florence in 2007 encountered numerous oil shows and fracture indication in the Pierre Formation, which is the same productive interval as found in Florence Field.
In March 2012, Strata-X Ltd commenced operations on the Slanovich 32-12P well. The well is testing the Pierre Formation at an anticipated depth of approximately 5,000 feet. The Slanovich 32-23P well is offsetting a well that was drilled by Mountain Petroleum in 2007 which encountered numerous intervals of fractures and visible oil shows. That well did establish oil production in a deeper horizon but was not able to test the Pierre Formation in that wellbore due to significant lost circulation zones.
Operators:
Austin Exploration: Operator with 100% interest