Hunter Technology Corp. (HOILF)

[SeaOhToo]

The Milnesand field was discovered in 1956 and, to date, has produced approximately 12.6 million barrels of oil from an estimated 130 million barrels of oil in place, resulting in a recovery efficiency of only 10%. The field was developed on 40 acre spacing with minimal infill drilling in the past. In 2012, a horizontal and vertical infill drill program was implemented to increase recovery. Three horizontal wells, the Milnesand Unit #522H, Milnesand Unit #141H and Milnesand Unit #123H were drilled and placed on production. These wells were the first wells drilled in Milnesand since the 1990’s and began producing in August, 2012. The horizontal wells were re-entry into existing wellbores and were acidized but not fracture stimulated. The 2,300 foot lateral length wells’ initial potential (IP) was approximately 89 barrels of oil per day (BOPD) each for the MSU 522H and MSU 141H with a 30-day IP of 39 BOPD and 58 BOPD respectively.