FORT WORTH, Texas, Aug. 21 /PRNewswire/ -- Snyder Oil Corporation
(NYSE: SNY) today updated the status of its first upper Jurassic Troy Lime
pinnacle reef test in north Louisiana. The Bozeman et al No. 1 in Winn Parish
has been drilled to its targeted depth of 16,180 feet and logged. The log
results warrant the setting of casing to allow for production testing. The
working interest owners have designated the well as a tight hole and do not
expect to make additional announcements with respect to the well until
definitive results have been determined. It is estimated that this will take
approximately four to six weeks.
Snyder Oil Corporation is the operator and owns a 33-1/3 percent working
interest. Other working interest owners are DDD Energy, Inc. 33-1/3 percent
and Cox & Perkins Exploration, Inc. 33-1/3 percent.
Snyder Oil Corporation is engaged in the production, development,
acquisition and exploration of domestic oil and gas properties, primarily in
the Gulf of Mexico, the Rocky Mountains and northern Louisiana. The Company
also has investments in two international exploration and production
companies, SOCO International plc and Cairn Energy plc. The Company's shares
are traded on the New York Stock Exchange under the symbol "SNY." The
Company's news releases and other information can be found on the Internet at
http://www.snyderoil.com.
SOURCE Snyder Oil Corporation
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Related links:
http://www.snyderoil.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 118962
CONTACT:
Rodney L. Waller of Snyder Oil Corporation,
817-882-5937
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