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CONTANGO OIL AND GAS DISCOVERS OIL IN WYOMING

Contango Oil & Gas Company announced today the discovery and successful completion of the Elliott #1H well in the Muddy Sandstone formation in Weston County, Wyoming. The well tested at a maximum 24 hour rate of 907 Boepd (98% Oil, 39 degree API) from a 6,601 foot completed lateral section using 25 stages of fracture stimulation. Total measured depth was 13,116 feet (6,235 feet true vertical depth).

The Elliott #1H is Contango's initial well in the N. Cheyenne Prospect and is located between two legacy vertical Muddy Sandstone oil fields, being the Fiddler Creek Field to the north and the Clareton Field to the south. Both fields were discovered in the 1940's and have a combined cumulative production in excess of 50 million barrels of oil.

Read more at PennEnergy

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