Monday, February 11, 2019

NAPE SUMMIT 2019 - 400,000 ACRES - AUSTIN CHALK & LAMS STACK PLAY

Stop by and visit us at NAPE this week. BOOTH 4131

Amelia Resources LLC Offers 400,000 Net Acres in the 

Louisiana Austin Chalk & LAMS Stack Play at the 

NAPE Summit

NEW ORLEANS--()--Amelia Resources LLC announces the offering of 400,000 net acres in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit.
“EOG, ConocoPhillips, and Marathon are leading the industry into this emerging unconventional play. With comparable rock properties to the successful Austin Chalk completions in Texas, our acreage package presents the opportunity for a new entrant to obtain a leadership position in the play.”
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Amelia Resources announced today that it will be offering 400,000 net acres for sale in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit in Houston, Texas, February 13.
Amelia's President, Kirk Barrell, said, "EOG, ConocoPhillips, and Marathon are leading the industry into this emerging unconventional play. With comparable rock properties to the successful Austin Chalk completions in Texas, our acreage package presents the opportunity for a new entrant to obtain a leadership position in the play.”
With 28 years of evaluation experience in the Tuscaloosa Trend, Amelia Resources has performed extensive evaluation of multiple targets including the Selma, Austin Chalk, TMS, Tuscaloosa, Wilcox, Frio, and Lower Cretaceous.
Barrell stated, "As a thick source rock across the Tuscaloosa Trend, the Austin Chalk presents a large hydrocarbon resource occurring only 800’ above the Tuscaloosa Marine Shale (TMS). With a new TMS initial test of 1458 barrels of oil equivalent per day at a cost of $10.3 million, these stacked formations present an excellent opportunity to leverage multiple targets.”
Amelia Resources LLC is a privately held exploration and production company. The company generates drilling prospects and is actively engaged in several projects across the onshore Gulf Coast. The company has closed $300 million of transactions in the TMS, Eagle Ford, Permian, Austin Chalk, and Terryville Plays over the past seven years. Amelia was founded in 2003 by Kirk Barrell and has offices in New Orleans and St. Francisville, Louisiana. The company leverages its 33 years of geological and geophysical experience to obtain strategic positions in drilling projects. Updates on the Austin Chalk and TMS projects are provided by the company at: www.tuscaloosatrend.blogspot.com
CLICK HERE FOR PRESS RELEASE

Wednesday, January 30, 2019

Australis Announces Drilling Results in the LAMS Stack Play


Australis Oil and Gas announced their 2018 4th quarter TMS well results. 
Here are the well updates in Amite County, Mississippi:

  • Stewart 30H-1: 
    • 1458 boepd (IP)
    • 1248 boepd (IP30)
    • 18/64 choke
    • 6850' completed lateral
    • 30 day cumulative: 37,425 boe (35,302 bo)
    • $10.3 million (drill, complete, tie-in, artificial lift installation)
  • Bergold 29H-2:
    • Drilling issues in the lateral
    • 2000' lateral length
    • 6 stages
    • Remedial operations underway to establish flow parameters
  • Taylor 27H-1:
    • 6800' lateral length
    • awaiting completion operations
  • Williams 26H-2:
    • Drilling lateral at 13095' MD
  • Saxby 03-10 2H:
    • Surface hole drilled
  • Quin 41-30 3H:
    • Surface hole drilled
The Stewart 30H-1 represents an excellent result. A 1458 boepd initial potential with a 30 day average of 1248 boepd and a $10.3 million well cost presents competitive economics with other unconventional plays.  The Taylor 27H-1 will be closely watched for repeatability.  The Bergold 29H-2 represents drilling inexperience in the trend. Drilling results should improve over time.  Their remaining $65 million from the Macquarie credit facility is contingent upon success.  After a 50% drop in their stock price, I'm sure their investors are hoping for continued success.





PRESS RELEASE
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