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MENAFN - ProactiveInvestors - Australia - 14/11/2012

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(MENAFN - ProactiveInvestors - Australia) Incremental Oil & Gas (ASX: IOG) has drilled another successful well at its Round Mountain oil field in California and will place it on production this week.

Smoot-8 intersected 54 feet of net oil pay in the Walker Reservoir. The pay is located in high porosity sandstones.

Excellent shows were also encountered in the shallower reservoirs.

The previous Smoot-7 well is currently producing about 50 barrels of oil per day.

Incremental added that it is on track to start drilling in late November the Patti Sidetrack and Aurora wells in the Florence field.

These wells are designed to capture the drilling and operational knowledge acquired by the previous operator of the asset. A larger drilling program is planned for Florence in early 2013.

 






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