Bonanza Oil & Gas announces updates on Apclark Project
  by: OilOnline
  Thursday, June 19, 2008

Bonanza Oil and Gas, Inc. has provided an update on its Apclark project located in Borden County, TX.

The Everett #7 well, the second in a series of fourteen (14) horizontal and fifty three (53) vertical wells planned for the Apclark project, has reached vertical TD, and is currently making the horizontal section of the planned 4,000 foot lateral. After drilling to a total depth of 6,800 feet vertically and analyzing several zones, the company and its partners have decided to set pipe and drill the scheduled 4,000-foot lateral (horizontal leg) in the Spraberry Zone. “The Company is pleased with the scheduled drilling and subsequent logs, and is confident about the continued drilling program of the Everett #7”, said Bill Wiseman, President and CEO.

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