Triple Diamond Energy Spuds the McClure-Diamond No.1 Well

PRLog (Press Release) – Mar 13, 2008 – Addison, TX – Triple Diamond Energy Corp. (TDEC) announced today the ‘spud’ of McClure Diamond #1 well, the first well of the McClure Diamond No. 1 project in Garvin County, Oklahoma.  

In an oil drilling project, spudding marks the first entry of the drill into the earth at the point of a prospective oil well. Prior to the spudding of the McClure-Diamond No. 1 well, Triple Diamond Energy Corp. conducted extensive geological studies and analyzed past oil drilling performance throughout the Garvin County Oklahoma area.

“Oklahoma is a very active region for oil – and particularly Garvin County. We anticipate that the oil reserve under the McClure Diamond No. 1 prospect to exist at around 5,000 feet below the earth’s surface,” says Robert Jent, President of Triple Diamond Energy Corp. (http://www.triplediamondenergy.com).

The primary objectives of the McClure Diamond #1 well include the Pennsylvanian age 1st, 2nd, and 3rd Tuley sands of the Hoxbar formation, as well as the lower 1st, 2nd, and 3rd Deese Sands of the Deese formation. These objectives represent names of rock formations named by state geologists that exist from around 3,200 to 5,000 feet below the earth’s surface.

Soil samples, called “core” samples, will be taken every 10 feet of the drilling process and  will be analyzed by Triple Diamond Energy geologists. Geologists evaluate the samples and make the determination about the probability of the presence of oil in the prospective well. As the drill comes closer to its 5,000-foot target, TD samples will be evaluated every 5 feet.

Jent estimates that the drilling process will last approximately eight to ten days. If oil is found, Triple Diamond Energy will begin the process of completing and equipping the well so that oil may be extracted and transported.  It will then be processed into various types of consumer fuel.

About Triple Diamond Energy: Triple Diamond Energy Corporation (http://www.triplediamondenergy.com) is engaged in the acquisition and development of high quality verifiable oil and gas reserves with a primary focus to obtain undervalued producing properties with optimal life potential at the lowest possible cost.  Triple Diamond Energy is a privately held corporation located in Dallas, TX.  With extensive experience in energy, finance and marketing, the management team is committed and dedicated to maximizing returns.