Announcement overview: Stockton well 20 Drilling completed Wednesday evening, no sig. oil to surface, plugged and abandoned. Rig moved back to Riddle 8 Well to drill.
Riddle 8 spudded, drilling prog. to take 3 working days then rig moving to Riddle 11. 2 wells expected to be drilled by end of next week.
Riddle 5 & 7 expected to be good producers of oil and should be able to report on initial production levels by end of next week.
Riddle 6 showed sig. water problems, uneconomical, well will be plugged and abandoned.
Company continuing to discuss new leases of interest in the area with land owners.
DYOR
WGP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
