Quantcast
Channel: Energy & Ag – Junior Gold Report
Viewing all articles
Browse latest Browse all 13

Cardiff Energy

0
0

Cardiff Energy

Sept 8, 2015

Cardiff Energy to complete Clayton No. 1H drilling

2015-09-08 09:16 ET – News Release

Mr. Jack Bal reports

CARDIFF ENERGY CORP. PROVIDES CLAYTON #1H UPDATE

Cardiff Energy Corp. has provided an update on the status of the Clayton No. 1H, located in Runnels county, Texas. On Aug. 10, 2015, the company announced that it has been determined with consultation from Martin Energies, operator of the Clayton No. 1H well, that the current drill contractor should be replaced due to performance issues. During drilling of the Clayton No. 1H well, the initial drilling contractor ran into a major problem when it managed to get the reamer stuck at roughly 2,500 feet when reaming the hole in preparation for setting casing.

On Aug. 19, 2015, the services of a new drilling contractor and crew were engaged and work began to remedy problems at the well site. Significant efforts were spent preparing the hole to free the stuck reamer, and the company is pleased to announce that, on Sept. 4, 2015, the reamer was successfully fished out of the hole. The Clayton No. 1H well is now being reconditioned to depth in preparation for setting casing, after which five days of horizontal drilling will take place to complete the drilling of the well.

Jack Bal, president and chief executive officer of Cardiff Energy, stated: “We are very pleased that the stuck reamer has been pulled out of the hole, as a stuck reamer posed a major technical problem to completing the well. We are now confident that the Clayton No. 1H will be completed in the near term. We would also like to thank the new drilling contractor and crew who arrived Aug. 19, 2015, and have done an amazing job and have shown the utmost level of professionalism.”

The company would also like to announce the addition of Greg Campbell to the board of directors. Mr. Campbell is currently the corporate secretary.

To learn more about the company and the drilling of the Clayton No. 1H horizontal well and to view pictures of the site, please visit the company’s website.

We seek Safe Harbor.

Disclaimer

© 2011 Junior Gold Report

Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR).  No Guarantee as to Content:  Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

 

 

Disclosure: Cardiff Energy is a client of Junior Gold Report, and is paying Junior Gold Report for marketing.


Viewing all articles
Browse latest Browse all 13

Latest Images

Trending Articles





Latest Images