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RedWater Announces Drilling Success /Accelerates Drilling Program
May. 09, 2011 09:14PM PST
Resource Investing News RedWater Energy Corp. (CVE:RED) announces the production test results of the company’s recently drilled oil well in the Redwater area.
RedWater Energy Corp. (TSXV:RED) announces the production test results of the company’s recently drilled oil well in the Redwater area.
The press release is quoted as saying:
The well, drilled in late March and tested for two days, produced an average rate of 75 barrels of clean light oil per day. Management has spent considerable time reworking the geology in the area and believes that it has discovered a new Manville light oil pool. The discovery sets the stage for the drilling of 3-6 offset wells. The Company anticipates further production testing in early June with full production to begin in July.
Click here to access the entire press release
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