Canadian Imperial Venture Corp., announced this week that Shoal Point Energy's operations at the Shoal Point 3K-39z well are continuing, and that the side-tracked well is expected to reach a measured depth of approximately 1,800 metres over the next few days.
After that, the borehole will be logged, and a open hole test will be run over the entire approximately 190 metre open hole section below the whipstock. The hole will then be drilled to its final total depth.
The current work will also involve up to four tests out of the casing in the existing 3K-39 borehole, subject to final regulatory approvals of the testing program.
A press release stated all tests will occur within the Green Point Formation, located off the coast of Port au Port Bay, and will test the flow potential and reservoir characteristics of unstimulated, fractured Green Point shales. The balance of the program is expected to take up to 45 days to complete.
CIVC is an independent Atlantic Canadian-based resource company with a significant interest in Shoal Point Energy Ltd.
