Logan 1 Project:
The Cherokee Uplift Platform
Drilling prospects in the Cherokee Uplift Platform in Logan & Lincoln Counties
- In March 2022 Truleum acquired 36 well bores in Logan County of which 11 are currently in production targeting the Mississippian and Carmichael zones.
- Rework and pooling activities will allow Truleum to extract multiple lateral pay zones, increasing cash flow and hydrocarbon reserves.
- Evaluation of existing leasing opportunities
Since then, we have implemented a program to increase the value of the hydrocarbon reserves from $53M to $140M by Q1 2023, based on recompleting just 6 wells.