Global Leader in International Oil and Gas Industry News

posted in:

Grid Petroleum Corp provide Garcia #3 well completion update

Tuesday, Dec 18, 2012

DENVER, Dec. 17, 2012 /PRNewswire/ -- Grid Petroleum Corp. (OTCBB: GRPR): The Board of Directors announce that Grid Petroleum has received a report of the initial flow testing of the Barnsdall formation from the joint venture operator Progas Inc and its owner/ operator Dan Polk.

"The well is temporarily shut in and is awaiting a frac of the Barnsdall formation the primary formation of the field."

From Progas Services Inc, the Joint Venture Operator for the Northwest Premont Area of Interest, a comprehensive Summary of the completion of the Garcia # 3 is posted in a PDF form on the company's website: www.gridpetroleum.com Under the breaking news area of the first page.

The company continues to be delayed by the Progas and Dan Polk regarding any progress reports or constructive information of the Garcia #3 and its completion.

The company will provide progress updates as they become available regarding the Garcia #3 and other anticipated drilling activity regarding the Northwest Premont Joint Venture.

The company also reports that the development of the additional acreage in the Northwest Premont Area that will be developed by Grid Petroleum's Operating Company, Grid Petroleum Production is continuing with significant progress.

The company anticipates that its first development well of the new prospect will be initiated in the first quarter of 2013.

Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.

SOURCE Grid Petroleum Corp.

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Aquaterra Energy wins Premier Oil Catcher Drill Centre Template contract 23-04-2014
Claxton’s camera upgrade puts crane safety in the picture 23-04-2014
Elk acquires the Singleton Unit in Nebraska 23-04-2014
Longreach prepares to drill into target Liassic formation with Kamar-1 well in Morocco 23-04-2014
Chevron unveils PitPack motor oil dispensing system 23-04-2014
Farstad Shipping ASA - charter agreements 23-04-2014
Prysmian, € 30 m contract in Abu Dhabi 23-04-2014
Halliburton to build drilling, testing and training facility in Texas 23-04-2014
SEACON (europe) Ltd Receives A Queen’s Award for Enterprise in International Trade 23-04-2014
EnerJex Resources announces Niobrara operations update and development plans 23-04-2014