Rio Bravo Oil Inc. (RIOB) 0.4500 $RIOB
Rio Bravo Oil, Inc. Announces Completion of First Horizontal Well
PR Newswire - Wed Jan 16, 5:57PM CST
Rio Bravo Oil, Inc. (OTCBB: RIOB) ("Rio Bravo" or the "Company"
, a domestic onshore oil company, announced today that it has completed drilling its first horizontal Edwards formation well, the DG Tiller #4H. The well demonstrated the presence of hydrocarbon during drilling and has the potential to produce approximately 150 barrels of oil per day and to cumulatively produce up to approximately 250,000 barrels of oil. The well is located within the Salt Flat Field, in Luling, Texas. Well completion will conclude this week, and the well will be placed on production. The company estimates that it will be able to determine the optimal production level of the well within 30 days.
Rio Bravo Oil, Inc. Announces Completion of First Horizontal Well
PR Newswire - Wed Jan 16, 5:57PM CST
Rio Bravo Oil, Inc. (OTCBB: RIOB) ("Rio Bravo" or the "Company"
, a domestic onshore oil company, announced today that it has completed drilling its first horizontal Edwards formation well, the DG Tiller #4H. The well demonstrated the presence of hydrocarbon during drilling and has the potential to produce approximately 150 barrels of oil per day and to cumulatively produce up to approximately 250,000 barrels of oil. The well is located within the Salt Flat Field, in Luling, Texas. Well completion will conclude this week, and the well will be placed on production. The company estimates that it will be able to determine the optimal production level of the well within 30 days. 
