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Petrolympic Provides Update on Well 80-2V Located in Maverick Basin, Texas
Nov. 04, 2011 01:28PM PST
Oil and Gas InvestingPetrolympic Ltd. (TSXV:PCQ) updated on its well 80-2V on the Chittam Ranch property in the Texas Maverick Basin.
Petrolympic Ltd. (TSXV:PCQ) updated on its well 80-2V on the Chittam Ranch property in the Texas Maverick Basin.
As quoted in the press release:
During drilling of the well, Petrolympic penetrated 7 oil and gas bearing horizons. The Chittam Ranch well is being drilled by Petrolympic as part of an earn in agreement with Texas HBP and Shell Western E&P, pursuant to which Petrolympic has the right to earn a 50% working interest (yielding a 37.5% net revenue interest) in the Chittam Ranch property.
Click here to read the Petrolympic Ltd. (TSXV:PCQ) press releaseÂ
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