MERIDIAN LOGS HEFTY CHALK TEST

Meridian Oil Inc., Houston, has reported a significant oil and gas flow at a Cretaceous Austin chalk wildcat in South Central Texas. The 1H E.E. Smith discovery in Gonzales County flowed at a rate of 12,254 b/d of oil, 3,032 b/d of water, and 4.9 MMcfd of gas based on a 4 hr test through two 2 1/16 in. chokes with 300 psi flowing tubing pressure at 11,368 ft measured depth. Austin chalk displacement was about 2,900 ft. Produced water, analyzed as drilling and completion fluids, was declining

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