Equitorial and Cardiff Energy Successfully Completes Acid Treatment of Clayton #1H Well
Vancouver, BC / TheNewswire / Equitorial Exploration Corp. (the "Company"), is pleased to announce that Cardiff Energy Corp. (Cardiff) has successfully completed the acid treatment of the Clayton #1H well. Based on drilling logs of the Clayton #1H, the well was treated with 19,000 gallons of acid in 9 intervals which encountered the highest hydrocarbon shows during drilling. During the acid treatment, strong pressure was encountered in the well with numerous gas kicks with fluids flowing to surface.
At this time a pump is being installed to pump off the completion fluid, the well will then be prepared for commercial production. Once production stabilizes the Company will be in a position to report a flow rate.
All indications are that the Clayton #1H will be a strong production well.
Equitorial can earn up to a 30% working interest in the Clayton #1H well under the terms of a joint venture agreement previously announced via press releases dated September 30, 2015, October 9, 2015, and October 23, 2015. The Company has the option to finance 40 per cent of future lease acquisitions and will have the option to further finance 40 per cent of the working interest of all future wells that will be on lands acquired in Runnels county, Texas, as announced in the company's news release of Oct. 9, 2015. The joint venture agreement and subsequent amendments are subject to TSX Venture Exchange approval.
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
Jack Bal, President, and Director
For further information, please contact Jack Bal at 604-689-1799.
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