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Market:	ASX
Sector:	Oil and Gas Exploration and Production
EPIC:	AZZ
Latest Price:	0.38 (1.32% )
52-week High:	0.55
52-week Low:	0.36
Market Cap:	101.25M

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Antares Energy

Antares Energy (ASX: AZZ) is an oil and gas exploration and production company focused on projects in the Permian Basin in Texas.

Antares Energy first well in Texas completed by Petrohawk

Thursday, September 09, 2010

Antares Energy (ASX: AZZ) announced Petrohawk Energy Corporation has completed the first well in the Term Assignment Area , the Donnell 457 No. 1H, in McMullen County, Texas.

The well had an initial 24-hour production rate of 563 barrels of oil per day and 3,628 Million Cubic Feet per Day, equating to a rate of 1,168 barrels of oil equivalent per day.

The well had a flowing tubing pressure of 4,580 psi on a restricted 16/64” choke.

The Donnell 457 No. 1H was completed over a measured depth interval between 12,062 ft and 15,871 ft with over 3,000,000 pounds of proppant and 2,700,000 gallons of fluid.

Additionally, Petrohawk has commenced drilling operations on the second Term Assignment well, the Dilworth No. 1H.

The Dilworth No. 1H is a direct downdip offset to the Frances Dilworth No. 2H, and is planned to be the longest Eagle Ford shale horizontal well to date with a lateral length of over 8,000 ft.

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