Workover Crew Is Engaged to Commence Immediate Work on Property Believed to Contain an Estimated Potential 10.4 Million Barrels of Recoverable Oil According to a Recent Third Party Report l.
The Company also reports that, immediately following the closing of this acquisition, it will begin operations to perforate the existing well to test for production.
"We have prepared and reviewed the work-over plan and our crews are ready to move the service rig immediately onto the property with the goal of making UnionTown an oil producer; we are now focused on closing additional acquisition targets."