Majestic Oil & Gas, Inc Successfully Drills Two Natural Gas Wells
Friday, August 1st 2008
Majestic Oil & Gas, Inc a United States Public Company whose securities are qualified for quotation on the Over the Counter Bulletin Board, has recently told the press that the Company successfully drilled the Stoltz #18-1 well located in Pondera County, Montana, bringing the total number of successfully drilled wells to-date to seven. This well is the second well of a three-well drilling program, planned by the Company.
This natural gas well is located in Section 18-T29N-R5W, Pondera County, Montana. The initial production test of the Stoltz #18-1 well was 4.5 pounds on a 1″ orifice, which is 75 MCF per day. Together with the production from the Boucher #18-1 well, the Company has 345 MCF per day of new natural gas production. These results confirm that the Lake Frances Field extends to the northwest, which proves up additional locations for drilling. The production interval on the Stoltz #18-1 well is 2268′ to 2282′, with 14 feet of total pay zone. The Company has plans to complete this well within the next week in addition to constructing the pipeline necessary to connect this well to the gathering system.
Majestic Oil & Gas, Inc owns a 25% working interest in this well and will release additional results once the well is completed and placed on production.
Source: Majestic Oil & Gas, Inc