Mogul Energy International, Inc. Announces It Has Spudded Its First Well
Mogul Energy International, Inc. announces that the company has commenced its drill program involving the Walpole properties located in southeastern Saskatchewan. Mogul Energy representative has confirmed that the first well has been spudded successfully. The first well is to be drilled to a total depth of 1100 meters testing the Torquay, Souris Valley and Bakken Formations. The company has also announced that with the assistance of CODECO Energy Group, it has completed construction on its second location. Naeem Tyab, Mogul company President stated, “We are pleased to announce that we are now spudding our first well, ahead of the December 1, 2008 scheduled start date.” Results from this well tests and drilling on the second location will be announced in the weeks ahead.
Mogul Energy is an oil and gas exploration company with headquarters in Seattle, Washington. Mogul also has a 100% working interest in oil and gas leases on approximately 9,300 acres of land in South East Saskatchewan, Canada.
