Cardiff Energy Corp ( TSXV: CRS )
Cardiff Energy Corp. announces initial production of the Bearcat #4 well
CARDIFF ENERGY CORP. (the "Company") November 25, 2014 / (TSX-V: "CRS") is pleased to announce initial production from the Bearcat #4 well in Ballinger, Texas. Martin Energy, the operator of the Bearcat #4 well has reported an initial production of 180 BOPD (Barrels of Oil per day) and 250,000 Cubic Feet of Gas (250 MCF).
There are two additional formations in the well to be tested at a future date, the Middle Caps and Dog Bend Lime. Most of the Gas was tested from the Gardner formation. Logs indicate Oil is also present in the Gardner Lime formation.
It is believed this zone may have been contaminated during the drilling and cementing phase. Martin Energy and Cardiff Energy are in the process of evaluating the timing and impact of a Horizontal Radial Drilling test on the Gardner formation penetrating any contamination to bring on-stream the Oil we believe is trapped.