(WO) “Pennpetro Energy PLC 是一家专注于德克萨斯州冈萨雷斯县生产和开发的独立石油和天然气公司，宣布呼啸海峡井的钻井作业进展顺利，钻头目前处于垂直目标深度-7,303 英尺 TVDSS，现已开始在 Austin Chalk 目标层段内计划的 4,800 英尺横向钻探。

Whisling Straights 井已更名为“Whistling Straits #5H”井（之前称为“Whistling Straits #1H 井）”，是 Pennpetro 与 Pennpetro 之间最近签署的参与、开发和选择协议下的第一口井。 100% 控股的子公司 Nobel Petroleum USA Inc 和 Millennium PetroCapital Corporation (“illennium”) 位于德克萨斯州冈萨雷斯县占地 250,000 英亩的共同利益区 (“MI”) 石油合资企业内。

Pennpetro 首席执行官汤姆·埃文斯 (Tom Evans) 评论道：“我对本周与 Millennium 合作在 Peach Creek 油田钻探第一口开发井所取得的进展感到非常高兴。我们现在正在 Austin Chalk 水平侧线钻探新土地，朝着主要石油目标前进。”

Nobel 总裁安迪·克利福德 (Andy Clifford) 表示：“我们的目标是 Austin Chalk 内解释的微裂缝群的核心，该微裂缝群是通过尖端 3D 再处理和解释以及对区域井结果的分析来确定的，为钻井做准备。最好地定位油井，以从自然产生的裂缝中获得最高的潜在产量。”

冈萨雷斯县 AMI 占地 250,000 英亩，位于休斯顿以西约 140 英里处，将为 PPP 的诺贝尔公司提供世界级油田的大量低风险开发选项。

Nobel 支付 33.33% 的成本来钻探和完成与储罐相连的联合开发油井，获得 25% 的净工作权益（18.75% 的净收入利息）以及探矿费，其中包括与租赁、土地相关的沉没成本、合法、3D 地震许可、地质和地球物理分析。

(WO) – Pennpetro Energy PLC, an independent oil and gas company focusing on production and development in Gonzales County, Texas, announced that drilling operations have progressed smoothly on the Whistling Straits well with the drill bit now being at a vertical target depth of -7,303 ft. TVDSS and has now commenced drilling the planned 4,800 ft. lateral within the Austin Chalk target interval.

The Whistling Straights well has been renamed the “Whistling Straits #5H” well (previously referred to as the “Whistling Straits #1H well) and is the first well under its recently signed Participation, Development and Option Agreement between Pennpetro’s 100% owned subsidiary, Nobel Petroleum USA Inc, and Millennium PetroCapital Corporation (“Millennium”) within the 250,000 acre Area of Mutual Interest (“AMI”) petroleum joint venture in Gonzales County, Texas.

Tom Evans, Pennpetro’s CEO, commented, “I am very pleased with the progress made this week with drilling our first development well in the Peach Creek Oil Field in partnership with Millennium. We are now drilling fresh ground in the Austin Chalk horizontal side-track heading towards the primary oil target.”

Andy Clifford, Nobel’s President, said, “We are targeting the heart of an interpreted microfracture swarm within the Austin Chalk, identified by cutting-edge 3D reprocessing and interpretation coupled with analysis of regional well results in preparation for drilling the well, best positioning the well to deliver the highest potential production from naturally-occurring fractures.”

The Gonzales County 250,000 acre AMI is located about 140 miles due west of Houston and will provide PPP’s Nobel with a large inventory of low risk development options in a world class oil field.

Nobel is paying 33.33% of the cost to drill and complete this joint development well connected to the storage tanks for a net 25% working interest (18.75% net revenue interest) as well as a prospect fee which covers sunk costs relating to leasing, land, legal, 3D seismic licensing, geological and geophysical analysis.