Catalyst 1 In Texas the Company has
Post# of 39368
Catalyst 1
In Texas the Company has secured a funding commitment of $2,100,000 to drill an additional 20 wells once the McComas –A- 20 well is placed into production. We expect to be in full production, as well as have BOPD results in the next 2 weeks. We are in the process of permitting at least 2 additional wells on the McComas lease and will begin drilling immediately once permits are approved. We estimate that we will be able to place the additional 2 wells into production during the first quarter of 2013.