Tuesday, October 28, 2008

Triple Diamond Energy Corp Announces Plans For Two Well Program In Garvin County Oklahoma

Triple Diamond Energy Corp (TDEC) has announced plans for a two-well controlled step out oil and natural gas program in south central Oklahoma.

ADDISON, TX -- The Texas-based oil and gas production and exploration company, Triple Diamond Energy Corporation, has announced they are planning a program for Garvin County located in south central Oklahoma.

The plans involve a two well, controlled step out oil and natural gas program. These wells will be drilled one or more spacing units away from existing production already in the targeted formations.

"Garvin County is the fifth largest producer of oil in the entire state of Oklahoma and other wells currently located in the area are showing promise. Several wells located adjacent to the area we will be working in are producing one million or more barrels of oil," said Chris Jent, Officer of Triple Diamond Energy Corp. (http://www.triplediamondenergy.com/)

The Golden Trend region of south central Oklahoma is on the Anadarko Basin's Southeastern embayment between the Arbuckle Mountains and the Nemaha-Pauls Valley. The oil produced in McClain and Garvin Counties comes from one of three main formations made from Deese sandstones, Hunton limestone, and Viola limestone as well as several pools located in the Simpson group. These formations shifted and created stratigraphic traps where the oil now sits.

Triple Diamond Energy Corp. has just completed the first two wells of its four well Sportsman Lake Program located in Seminole County, Oklahoma. Drilling for this program commenced in August and TDEC expects to complete them at the end of October.

Triple Diamond Energy Corp Completes Drilling And Begins Logging Of Two Wells In Oklahoma Project

Triple Diamond Energy Corp. (TDEC) announces the drilling of two wells in Seminole County, Oklahoma is complete and logging is set to start.

ADDISON, TX -- Triple Diamond Energy Corp. (TDEC) reported the drilling of two wells in Seminole County, Oklahoma is complete. Oil production will commence once the completing and equipping process has concluded.

The Texas oil and gas exploration company started the drilling process for the Seminole County portion of the project in August on the previously undrilled geologic structure of the Sportsman Lake Field. The pair of wells will pull oil from the Proven Undeveloped Producible Reserves located in the high formation.

With drilling complete, an e-log will use electrical measurements to map out the structure and locate the tops of the geological formations. This will allow TDEC to determine the best possible hydrocarbon bearing zones to target. Triple Diamond Energy Corp. can then install the production casing and perforate the zone.

"Once the completion and equipping processes are complete, the two wells can begin extracting oil. From there, it will be processed and refined into various fuel and petroleum products," says Chris Jent, Chief Marketing Officer of Triple Diamond Energy Corp. (http://www.triplediamondenergy.com/)

Reports have shown the area to contain a minimum of 100 000 barrel of attic oil. Oklahoma is presently in fifth place in crude oil production in the country producing 8.8 percent of the natural gas and 3.3 percent of the crude produced in the US.

Monday, October 27, 2008

Triple Diamond Energy Corporation Announces Spudding the Fourth and Final Well In Sportsman Lake Field Program

Triple Diamond Energy Corp (TDEC) announces spudding of the fourth and final well of the Sportsman Lake Field Program.

ADDISON, TX -- All four wells in its Sportsman Lake Field Program have now been spud by Triple Diamond Energy Corp. The Texas based oil and gas exploration and production company began the program in August. This is the last well planned for the Oklahoma portion of the program.

The oil and gas exploration company commenced spudding the fourth well earlier this week after receiving regulatory approval from the Oklahoma authorities and acquiring the leaseholds and mineral agreements. Detailed surveys were taken of the area to locate the prime location for the well site and drilling pad.

"This is the northernmost well included in the program. It is located approximately seven hundred feet from the closest well and is about one-half mile away from the well at the southern end of the program," said Chris Jent, Officer of Triple Diamond Energy. (http://www.triplediamondenergy.com/)

With the well drilled to an approximate depth of 5,000 feet in order to reach the top of the deepest target formation, TDEC will then begin the process of e-logging the well to define the bounds of the geological formation. They will then determine the optimal oil and gas bearing zones and make a determination as to well completion.

The Sportsman Lake Field program will produce attic oil from Proven Undeveloped Producible Reserves originating in the high geological structure. The area was previously undrilled, however, reports prior to the commencement of the program indicated the large formation contained a minimum of 100,000 barrels.

About Triple Diamond Energy Corporation: Triple Diamond Energy Corp. is located in Dallas, Texas. Privately owned and operated, the oil and gas exploration company is headed by a management team with more than 35 years of combined experience.