Friday, August 22, 2008 10:07:32 AM
Group, Inc. (PINKSHEETS: MMTE) is pleased to announce today that drilling on its
second Oklahoma well has been successful. The company's second well was drilled
to a depth of 600' and encountered a great oil showing at 450' and another
showing at a depth of 510'. Completion of this well will take place early next
week, and the company anticipates the well to be in production the following
week.
"We are excited with the results and look forward to continued success as we
move on to our next project," stated Joe Overcash, President of Mammoth.
"Management expects production from this second well to be comparable to the
first well and possibly exceed that of the first well."
About Mammoth Energy Group, Inc.
Mammoth Energy Group, Inc. is focused on developing shallow gas projects in
north-eastern Oklahoma due to the low risk, blanket characteristics in the area
that make it possible to drill and produce a well nearly every time. It is
currently focused on developing its Noble and Kay County properties in Oklahoma
that covers approximately 1,400 acres.
More information is available at the company's website at
www.mammothenergygroup.net
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