The Chandler 8-6H well, in which the Company has a 99.9% working interest, has been successfully drilled and cased. The well was drilled under-budget and the entire lateral has been placed on target, within the preferred sub-interval of the Caney formation. As anticipated, strong oil and gas shows were recorded while drilling, which are comparable to some of the Company's best producing wells to date.
The Company is scheduled to begin fracture stimulation operations late next week. Once the stimulation operations are complete the Company will immediately begin flowing back the well and put it on production.
The drilling rig will be rigging down over the next few days and then moving to the next location to drill the Hartgraves 1-6H well (100% working interest).