SAGO developement Project
is a 14-well project (Phase I) that includes about 2,000,000 BBLS of “proven reserves”. While there are currently 3 producing wells, the remaining wells to be drilled in phase one of the SAGO Project are expected to be “black” dots on the map, i.e. will produce commercial quantities of oil. Drilling program is moving ahead on this lease that has about 2,000,000 BBLS of “proven reserves”.