Zone Resources Inc. Prepares to Deepen a Past Producing Oil Well

Zone Resources Inc. (TSX VENTURE:ZNR) reported that the company has entered into its first lease agreement on approximately 100 acres of oil, gas and minerals rights located on the Alpine Topographic Quadrangle in Overton County, Tennessee.

The press release is quoted as saying:

The property was originally drilled in the 1980’s and contains an existing well bore that was originally reported as a 40 barrel per day oil well in the Stones River Formation. The well was abandoned almost 10 years ago and since that time there have been several significant discoveries in close proximity. In addition, technology has advanced significantly to allow for economically feasible testing and re-entry.

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