Production results should come out this week and could be a potential game changer for the company.
Tightly held.
23/11/2017 Announcement:
“The successful drilling of three horizontal laterals at 38#3ML provides the Company with a ten-fold exposure to oil and gas bearing zones within the Ellenburger Formation when compared to a standard vertical well and, as such, is a potential game changer for the Company.
The Company looks forward to the production test results following the final clean-out and acid treatment of all three laterals. Enhanced production test results from the horizontal legs will provide further proof of the value of the short radius horizontal drilling technology exclusive to the Company and its partner in the well USR Drilling.”
