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Homeland Liberty Ridge Well Deemed Non-Commercial

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Homeland Liberty Ridge Well Deemed Non-Commercial

Homeland Resources Ltd. has received notice from the Liberty Ridge Oil and Gas Project operator that drilling of the 2nd well of the Phase-1 exploration program has been completed.

Subsequently, it was determined that the well is non-commercial. As a result, the 2nd well will be plugged and abandoned.

Homeland and its partners anticipate that drilling of the remaining six prospects of Phase-1 at the Liberty Ridge Oil and Gas Project will continue following rig and crew mobilization to the next prospect location. Confirmation of a spud date for the third well in the program is expected within 2-3 weeks.

The Liberty Ridge Oil and Gas Project is a multi-well multi-phase exploration drill program currently being conducted by Homeland and it partners. The exploration and development…

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