By OGJ editors
HOUSTON, Apr. 19 -- Calgary independents Bridge Resources Corp. and Paramax Resources Ltd. have completed a third indicated discovery in western Idaho’s nonproducing Boise basin and expect to start completion of the first well in May.
The third well, Island Capitol 1-19, went to a TD of 4,385 ft and encountered several gas-bearing sands. Casing was set to test potential pay sands in a gross interval from 3,178 ft to 3,600 ft. Logs indicate the sands are clean with porosities in excess of 25%.
The first three wells, M.L. Investments 1-10, Espino 1-2, and Island Capitol 1-19, have been drilled for a combined total of less than $3 million including casing, far under budget.
Teunissen 1-17, 7 km west of Espino 1-2, is to spud this week. It is projected to 4,500 ft. The completion rig has arrived in Idaho, and M.L. Investments 1-10 is first to be tested.
