Brownstone Energy Inc. (TSXV:BWN,OTCQX:BWSOF) announced that the results from the first well at its 28 percent owned, Colorado-based Kokopelli project — including 2,500 feet of gross gas column — were as anticipated.
As quoted in the press release:
The 2,500 feet of gross gas column, depth and composition of reservoirs encountered in the Lower Mesa Verde Formation were as expected. The well has been cased to total depth in preparation for completion operations. Completion operations, including perforating, fracturing and production tie-in are expected to be completed during Q4 2012. Successful completion of this well secures for Brownstone the substantial portion of the proven, probable undeveloped reserves attributed to the Lower Mesa Verde section of this Kokopelli leasehold by Brownstone’s independent engineers.