net asset value (nav) - Primera Energy Resources Limited
net asset value (nav) - Primera Energy Resources Limited
net asset value (nav) - Primera Energy Resources Limited
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Exploration Drilling Update<br />
Firecrown-1:<br />
• First exploration well Firecrown-1 spudded 15 April 2010<br />
• The well was drilled to a depth 10,331 feet<br />
• Well pe<strong>net</strong>rated and encountered both the primary and secondary objectives in the Herrera<br />
formation, oil and gas shows<br />
- Primary objective 8,150 feet to 8,275 feet<br />
- Secondary objective 6,600 feet to 7,220 feet<br />
• C1 C1-C5 C5 (gas detector readings indicative of wet gas) present in both zones<br />
• Well deepened to 10,331 feet to explore lower formation prior to testing. Wellbore stability<br />
problems resulted in the deepened section being abandoned – no prospective horizons<br />
encountered<br />
• Severe mechanical problems precluded testing of potentially productive zones. Sidetrack<br />
• Sidetracking operation resume February 2012 of the well are in progress.<br />
• Reached a TD of 8315 feet on 12/4/2012.<br />
• Testing to commence shortly.<br />
Green Hermit-1<br />
• This well is programmed to be drilled to TVD 8,200 feet.<br />
• DDrilling illi completed. l t d TTesting ti to t commence shortly. h tl<br />
TSX-V: PTT<br />
14<br />
PRIMERA ENERGY RESOURCES LTD.
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