TORONTO, ONTARIO–(Marketwired – Jul 31, 2014) – BE Resources Inc. (TSX VENTURE:BER) (“BE” or the “Company”) is pleased to announce that it has entered into a Letter of Intent (“LOI”) with Cunningham Energy, LLC (“Cunningham”), of Charleston, West Virginia to acquire approximately 425 acres of oil leases in the Stringtown, Rock Creek, and Green Creek oil fields (collectively known as the “Oil Leases”) within the Smithfield District in West Virginia, and not less than approximately 400 additional acres to be agreed upon, contiguous to the Oil Leases. BE will further have the first right of refusal to acquire additional oil leases to be agreed, being a minimum of 1,000 acres in area and allowing for a potential of up to an additional 15 horizontal oil wells. Continue reading
Cunningham Energy LLC has announced plans for three additional new shallow horizontal oil wells to be drilled in Clay County, West Virginia. The newly planned horizontal program will be drilled from the ‘Dragon’s Breath’ pad, consisting of three wells surveyed with a specified measured depth (‘MD’) ranging from 4750′ to 5200′ plus feet and vertical depths (‘TVD’) of 2150′ plus feet. Continue reading
CHARLESTON, W.Va.–(BUSINESS WIRE)–Cunningham Energy LLC is announcing today that the company has begun drilling its second and third shallow horizontal oil wells, the Cochran #5H and Cochran #4H wells, of the Rhino Three Well Drilling Program.
Planned measured depth of the new horizontal wells is 5200’ with a vertical depth of 2100’. All three “Rhino” horizontal wells are targeting oil in the Big Injun Sand formation in Union District of Clay County. Cunningham Energy is utilizing one of the company’s three Speedstar 185 top drive drilling rigs in conjunction with these new wells. Each well bore on the Rhino Pad has been planned to be completed with multiple frac stages using varying spacing dependent on future wireline data. Continue reading