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
Announcement overview:Stockton well 20Drilling completed...
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