Voth #1-4 Well Completion Update:
 
You will recall we spud the Voth #1-4 well on 4/10/17. We reached a total depth of 4,771' on 4/23/17 with a total of 5 zones to produce at that time. Drill stem tests and open hole logs have now further indicated 6+ potential pay zones in the well.

Map of Voth #1-4 well location

Production casing was set, and the well was completed between 4,618' and 4,628' in the Johnson zone, the lowermost of these prospective horizons.
 
The well was put on pump July 19th, 2017 and the unit was initially configured to gauge pump efficiency and determine an effective rate in which to produce the well.
 
Production rates for the first week settled to 47 BOPD and 18 BWPD. After a week of testing, the stroke and rate of the pumping unit was reconfigured. With the reconfiguration, we have increased production to 116 BOPD and 12 BWPD.
 
Although not the maximum production rate capacity, we believe producing at a steady as opposed to maximum rate will extend the fluid (oil) drive and thus the lifetime of the current zone producing.

Voth #1-4 pumping unit

Tank battery for Voth #1-4

We will produce the Johnson zone until the decline in pressure allows us to move uphole and produce in the remaining pay zones.

This well is, by far, the BEST well we have producing right now.

Congratulations!

Jack

Jack W. Nichols
Managing Partner, Redhawk Investment Group
(e) [email protected]
(p) 844-952-7363