Project Profile
Value: US$600 million (estimate)
Location: Oklahoma state, South Central United States, USA
Area: 1,520 gross acre
North American Petroleum and Northcote Energy Ltd (operator with 70% interest) are the two holders of the Zink Ranch Project. The partners of the 1,520 gross acres Zink Ranch Project in Oklahoma, revealed that gas production from four wells recently recompleted on the project, in which NAP has a 30% working interest, has increased significantly. This is a positive indicator for an increase in the rate of oil recovery. These four wells are the first of a 14 well recompletion programme planned for 2014 which is targeting a substantial increase in production at Zink Ranch. This update is in line with NAP\'s strategy to rapidly build net production and reserves through the acquisition and development of leases in liquids rich hydrocarbon plays.
Operators:
Northcote Energy Ltd: Operator with 70% interest
North American Petroleum: 30% interest