Posted On: 01/01/2013 5:11:48 PM
Post# of 228
Drake Gold Resources Inc. provides a New Year's Production Update
Drake Gold Resources Inc. is pleased to announce that 7 wells have now been reworked. The eighth well is expected to be reworked by the end of January. There are now a total of 80 barrels in the tank battery. With the current prices of oil, once the oil is sold in both tank batteries and funds distributed accordingly, Drake will have title to the lease as per our agreement with the former lease owner.
Further updates will follow.
Drake Gold Resources Inc. is pleased to announce that 7 wells have now been reworked. The eighth well is expected to be reworked by the end of January. There are now a total of 80 barrels in the tank battery. With the current prices of oil, once the oil is sold in both tank batteries and funds distributed accordingly, Drake will have title to the lease as per our agreement with the former lease owner.
Further updates will follow.
Contacts:
Drake Gold Resources Inc.
Peter Matousek, 775-410-4458
CEO
IR@DRAKEGOLD.COM
(0)
(0)
