The Colorado Pathfinder Niobrara Project
- Austin Exploration Limited holds a 85% WI
- Objective -- Niobrara formation
- Evidence of high quality oil (39 API) in Drill Stem Test
- Plan to drill and produce in 2012
- Drilling Plan – Minimum of 60 horizontal wells
- EUR > 0.75 million bbls/well (Niobrara A, B, C, D, and FH)
ABOUT THE ASSET
This project is located in Fremont County, Colorado in the Canon City Embayment (the SW area of the Denver Julesburg Basin). Austin Exploration acquired over approximately 11,000 acres from Newmont/Cimarex/others. Plans to begin drilling one horizontal well starts in early 2012.
The drilling plan includes 640 acre horizontal well spacing.
- 16 horizontal well pads
- 6-8 wells per pad
- 96- 126 wells total in Pathfinder Project
- Total depth up to 7,000 ft
- 2,000 – 5,000 ft laterals