Oil and Gas Investment Information

Archives for June, 2009

Investors, timing is everything in life, as everyone knows. We have private investors, and industry partners with funding, and the motivation, and commitment to pursue our lucrative horizontal drilling project, and we now have the oil pricing we need. It’s time to drain the 4-5 million barrels of oil from our Doneghy Lease oil reservoir in Okmulgee County, Oklahoma. The Doneghy Lease reservoir has never been drilled-out, or water flooded before our arrival on the scene. Elco has persisted in our efforts to finally receive the necessary drilling permit to drill under the North Canadian River and its Flood Plain while we are also satisfying the Oklahoma Federal Wildlife Refuge who control our lease as surface owners. So, we can now proceed with our drilling plan.

 

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