Northcote Energy (LON:NCT) and its partners plan to undertake a re-entry and recompletion of the Lutcher Moore#19 well at Shoats Creek after well logs indicated 10 feet of net pay.
Northcote has a 20% working stake (14.4% net revenue interest) in the well in Louisiana, which is targeting the Frio formation.
Other nearby wells in Shoats Creek suggest low geologic risk to this project, it said.
A successful recompletion will potentially add several drilling locations to the inventory of viable Frio drilling locations at the Shoats Creek Field.
Preparatory work to drill Lutcher Moore#21 as an offset to the Lutcher Moore#8 is also underway though this is behind schedule with an original spud date of 16 May.
LM#21 will be located to the northwest of the LM#8 to position it structurally higher in the formation.
Northcote added the Lutcher Moore#8, #12, #16 and #17 wells have been plugged and abandoned.
Randall J Connally, managing director, said: “The LM#19 recompletion is a low cost and low risk attempt to exploit the established Frio pay.”
Red Rock Resources (LON:RRR) is also interested in the Shoats Creek acreage and said the cost of the LM#19 work would be US$40,000, or approximately $8,000 to Red Rock.
Red Rock will have a 20% working interest and a 14.4% net revenue interest.