MNVN confirms that this dual listing ( http://finance.yahoo.com/news/mondial-ventures-majority-owned-subsidiary-114700036.html ) furthers its plans to undertake both a well stimulation program to maximize production presently from its economic well and preparation to drill its first deep well located in the Crawar Field in Ward County. These programs are now being updated and expected to commence this summer. Other current exploration and development plans include a small focused frac to be performed on the Glorieta formation in order to increase flow from the hard rock formation to increase reservoir fluid for production. For future development, Boomerang is first targeting the Ellenburger formation on the Company's J.B. Tubb Leasehold Estate at approximately 8,300' foot depth, with capital expenditures ("CAPEX") requirements now set at approximately USD$1.6 million.
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