This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

American Eagle Energy Updates Spyglass Project In North Dakota

LITTLETON, Colo., July 10, 2012 /PRNewswire/ -- American Eagle Energy Corporation (OTCBB: AMZG; "American Eagle") is pleased to provide additional drilling and production information on its Spyglass Bakken and Three Forks Project in Divide County, North Dakota.

The first two company-operated Three Forks wells in the Spyglass area have been placed on pump, connected to surface facilities and have recorded initial 30-day oil production rates.  The Christianson 15-12 and Cody 15-11 have reported average production rates of 479 bopd and 438 bopd, respectively, for a total average production of approximately 917 bopd.      

American Eagle's third operated Spyglass Three Forks well is the Coplan 1-3-163-101 ("Coplan 1-3"), which is located approximately one mile west of the Cody 15-11.  In June, the Coplan 1-3 was drilled, completed and stimulated. The well has begun flowback of the load fluid and is starting to produce oil and gas.  Early results indicate similar productivity to the Cody and Christianson wells.  American Eagle expects to move a rig onto the well this week to clean out the lateral section and connect the well to production facilities. 

Continuing the extension of American Eagle's development to the west and north, the Company has moved the Coplan 1-3 drilling rig approximately 1.5 miles to the west to a two-well pad.  The Anton 3-4-163-101 ("Anton 3-4") is currently drilling in the horizontal section to the south to develop Sections 4 and 9 of T163N-101W.  After drilling and casing the Anton 3-4, the rig is scheduled to immediately skid over to drill the Elizabeth 3-4N-163-101 well, which will be directed north into T164N-R101W and develop correctional Sections 28 and 33.  These smaller correctional spacing units of approximately 780 acres along the US-Canadian border will require only about 6000 foot long laterals to develop compared to the 9300 foot long laterals drilled in the normal 1280 acre spacing units.   

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs