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Re: crowin post# 16031

Thursday, 09/05/2013 10:29:19 PM

Thursday, September 05, 2013 10:29:19 PM

Post# of 44483
Its not a dry hole.
http://www.marketwire.com/press-release/xun-energy-receives-results-of-rice-15-drill-cuttings-otcbb-xnrg-1825647.htm
VEP reported the review of the drill cuttings from the Rice #15 supported the need for a wire line log to be conducted. VEP's geologist confirmed that the samples taken revealed a well formed zone in the Venango 2 and also potential lenses in the Venango 1 and the Red Valley sequence. Oil saturation is estimated at 30-35% for the Venango sequence with a strong show in the Red Valley sequence. The wire line log will provide enough details to determine other key factors in determining whether or not the oil well should be put into production.

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