Hunter Technology Corp. (HOILF)

[SeaOhToo]

Operations Update

HOUSTON, Aug. 18 /CNW/ - Enhanced Oil Resources Inc. (TSX-V: EOR) today provides the following update on operational activity.

As previously reported, the Company had been working to upgrade the water handling capacity at the Crossroads Siluro-Devonian Unit in Lea County, New Mexico and that water injection recommenced at Crossroads in early June. During July the oil production at Crossroads stabilized at a daily rate of 433 barrels of oil per day (BOPD) with Company wide production averaging 515 BOPD. The No. 106 well is currently off line pending the completion of behind pipe logs, similar to those logs run previously on the No. 101 well. We expect to evaluate this and other wells for behind pipe potential over the next several weeks. The No. 304 water injection well is performing as expected and has injected water at rates as high as 7,500 barrels of produced water per day.

The Company also reports that the Crossroads No. 101 Morrow discovery well has all the necessary surface facilities in place and is currently waiting for electrical hook up which we expect to occur in the next week or two.