Replies to post #38844 on Supurva Healthcare Group Inc (SPRV)

[Perfectstorm]

Tuscaloosa Shale said to be ‘producing very solid returns’

The Tuscaloosa Shale—a 2.7 million-acre stretch of land extending from central Louisiana to southwestern Mississippi that’s believed to hold billions of barrels of oil—is being targeted by “several major oil and gas companies” and “producing very solid returns,” says Lighthouse Petroleum Inc., which recently began drilling in St. Helena Parish. Lighthouse says the 12,000-foot Lucy Lee well drilled in late February should begin producing revenue by the end of March, and is expected to produce as much as 200-400 barrels of fluid per day, 20% of which is anticipated to be oil. “Recent Google searches done by management of oil and gas projects in the surrounding area indicated two key findings: 1) that a similar well in the area has produced 290 barrels of oil (a day) and some gas, and 2) major oil and gas companies are investing and requesting exploration permits in the areas of Louisiana and Mississippi targeting the Tuscaloosa Marine Shale,” reads a release from the company announcing the purchase of a second land lease in the area and the inspection of a third. Lighthouse bills itself as being in the “initial development stages as a junior oil and gas company,” with a focus on abandoned wells and speculative land leases.

Courtesy businessreport.com

That's what we have been givin so after and that the lift was being installed.

Here is a nearby well with very similar recovery numbers. I don't know the extent of the lift operation but knowing that it's at 12,000 ft may take quite an effort as a mile is 5280 ft so we are talking about a little over 2 miles in depth.

Here is some info from the DNR on a nearby well so we know what we're up against.

Newest Successful Well Project Completed in Tuscaloosa Marine Shale
Tuesday, July 10, 2012
BATON ROUGE – Louisiana Department of Natural Resources (DNR) Secretary Scott Angelle noted today that Devon Energy recently completed its fourth horizontal well in the Tuscaloosa Marine Shale (TMS) and the initial production test figures submitted this week show the strongest oil production results of the company’s TMS wells drilled to date - at 384 barrels of oil per day (BOPD).

This newest well, located in northern St. Helena Parish, follows Devon’s successful drilling of two productive horizontal TMS wells in East Feliciana Parish and another in Tangipahoa Parish. Devon also has two other TMS well projects in progress – one in Tangipahoa and one in West Feliciana parishes.

“I want to thank Devon Energy for expressing its faith in Louisiana’s potential to provide energy and qualified workers, because I recognize that the company has a choice in where it invests its exploration funding,” Angelle said. “I hope to see Devon’s ongoing success in the Tuscaloosa Marine Shale repeated by the other operators who have begun to invest in the play, bringing the potential for economic development, jobs and new sources of domestic energy,” Angelle said.

The Tuscaloosa Marine Shale is believed to underlie much of Central Louisiana, with potential productive areas currently being explored from Vernon Parish to Tangipahoa Parish. The energy industry has been observing the development of the Tuscaloosa Marine Shale, believed to be primarily an oil-rich play. New processes and technology have led to rapid gains in domestic oil and natural gas reserves, making them recoverable from ultra-dense formations once thought uneconomical to produce.

http://dnr.louisiana.gov/index.cfm?md=newsroom&tmp=detail&aid=946