Osage accelerates Horizontal Mississippian and Woodford drilling

12/5/2012

Osage accelerates Horizontal Mississippian and Woodford drilling

SAN DIEGO -- Osage Exploration and Development,focused on the Horizontal Mississippian and Woodford plays in Oklahoma, has announced the spudding of two wells in the company’s 31,000 acre Nemaha Ridge project. The two wells spudded in November bring the number of wells drilled by the company and its partners, Slawson Exploration and United State Energy Development, to seven.

Additionally, Osage has announced the completion and commencement of flowback on the Hopfer 1-17H, a Horizontal Mississippian well operated by Devon Energy in which Osage owns a 14.6% working interest. The fracture treatment of the Hopfer well was completed on November 25th, and the well is currently flowing back fluids used in the hydraulic fracture of the wellbore. The Devon Hopfer location is on the section immediately adjacent to Osage's two McPhail wells.

Regarding planned completions, Osage intends to complete three wells by hydraulic fracture treatment during the month of December: the Krittenbrink 1-1H, the McPhail 2-18H, and the McPhail 1-19H.

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