Exploration & Production | Drilling / Well Results
Homeland Sees Mixed Results at Oklahoma Liberty Ridge Project
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Homeland Resources Ltd. has reported update regarding exploration drilling at the Liberty Ridge Oil and Gas Project in Oklahoma.
Over the last several months, Homeland and its partners have participated in the drilling of two new exploration wells at the Liberty Ridge Oil and Gas Project. The two new Liberty Ridge wells, the 4th and 5th of the eight (8) well Phase-1 drilling program, were both intended to target multiple potential hydrocarbon pay zones thought to be productive in the area.
Following an extended period of drilling, evaluation, and completion, as of March 31, 2014 the Liberty Ridge #4 well was producing approximately 25 barrels of oil and 23 barrels of water per day from the Viola zone. Thru February 28, 2014, after approximately 9 weeks of production, the Liberty Ridge #4…
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