Osage Exploration and Development Announces Initial Production of 705 Barrels of Oil Per Day on Horizontal Mississippian Well
19 8월 2013 - 10:00PM
Business Wire
Osage Exploration and Development, Inc.
(OTCBB:OEDV), an independent exploration and
production company focused on the Horizontal Mississippian and
Woodford plays in Oklahoma, today announced preliminary production
results on the Mallard 1-16H Horizontal Mississippian well in Logan
County, Oklahoma. The well, located in Section 16-17N-3W, achieved
a 24-hour peak initial production rate of 705 barrels of oil plus
associated natural gas on an electric submersible pump and a 48/64”
choke.
Management Comments
“Further to our most recent press release, this well is a prime
example of the progress in field operations that we are currently
experiencing,” stated Mr. Kim Bradford, Chairman and CEO of Osage
Exploration and Development (OTCBB:OEDV). “Our new production
superintendent and his expert consultants are having an immediate
impact on every well that we have drilled so far, and have to be
given credit for our recent advances. Under their tenure, the
Mallard 1-16H, which did not produce at a high level early on, has
now made more oil in the last week than it did in its first two
months of production. The well has just begun operating at its full
potential. We firmly believe that our team's experience with the
Mallard will be the rule and not the exception, and that the
quality of this reservoir is not to be denied.”
About Osage Exploration and Development, Inc.
Based in San Diego, California, with production offices in
Oklahoma City, Oklahoma, and executive offices in Bogotá, Colombia,
Osage Exploration and Development, Inc. is an independent
exploration and production company with interests in oil and gas
wells and prospects in the U.S. and Colombia.
http://www.osageexploration.com
Safe Harbor Statement
The information in this release includes certain forward-looking
statements as defined by the Securities and Exchange Commission
that are based on assumptions that in the future may prove not to
have been accurate. Those statements and Osage Exploration and
Development, Inc. are subject to a number of risks, including
production variances from expectations, volatility of product
prices, inability to raise sufficient capital to fund its
operations, environmental risks, competition, government
regulation, and the ability of the Company to execute its business
strategy, among others.
Osage Exploration and De... (CE) (USOTC:OEDVQ)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025
Osage Exploration and De... (CE) (USOTC:OEDVQ)
과거 데이터 주식 차트
부터 1월(1) 2024 으로 1월(1) 2025
