$PSWW Principal Solar Announces Positive Initial P
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Posted On: 04/13/2021 10:26:39 AM
$PSWW Principal Solar Announces Positive Initial Production Results from its Oil Well "Recycling" Program: The Danbury Dome Project Oil Wells
Project Partner Lazy Jacks Petroleum Observes Strong Initial Daily Flow; Additional Wells Expected to be Brought Online Over the Coming Weeks
Dallas, Texas--(Newsfile Corp. - April 13, 2021) - Principal Solar, Inc. (OTC Pink: PSWW) ("Principal" or "the Company"
, a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that preliminary production has commenced on the first wells activated in its initial oil well recycling program project with Lazy Jacks Petroleum ("Lazy Jacks".
"Today marks a significant milestone for Principal and our partnership with Lazy Jacks," said K. Bryce "Rick" Toussaint, CPA, MBA, Chairman and CEO of PSWW. "Lazy Jacks has confirmed that the first wells at our Danbury Dome project are now online and appear to be producing strong initial flow rates. The team is now preparing the next four wells on the property for startup, testing, and production, which we expect will occur within the next two to three weeks."
A variety of factors contribute to overall well production performance, including initial well pressures, equipment testing and operational status, and the tested quality/acceptability of the oil produced. Additional details, including normalized production rates and the wells' anticipated financial performance, are expected to be made available once the initial evaluation periods are complete.
Project Partner Lazy Jacks Petroleum Observes Strong Initial Daily Flow; Additional Wells Expected to be Brought Online Over the Coming Weeks
Dallas, Texas--(Newsfile Corp. - April 13, 2021) - Principal Solar, Inc. (OTC Pink: PSWW) ("Principal" or "the Company"
, a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that preliminary production has commenced on the first wells activated in its initial oil well recycling program project with Lazy Jacks Petroleum ("Lazy Jacks". "Today marks a significant milestone for Principal and our partnership with Lazy Jacks," said K. Bryce "Rick" Toussaint, CPA, MBA, Chairman and CEO of PSWW. "Lazy Jacks has confirmed that the first wells at our Danbury Dome project are now online and appear to be producing strong initial flow rates. The team is now preparing the next four wells on the property for startup, testing, and production, which we expect will occur within the next two to three weeks."
A variety of factors contribute to overall well production performance, including initial well pressures, equipment testing and operational status, and the tested quality/acceptability of the oil produced. Additional details, including normalized production rates and the wells' anticipated financial performance, are expected to be made available once the initial evaluation periods are complete.
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