Exploration & Production
Homeland to Begin Okla. Multi-Target Drilling Program
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Homeland Resources Ltd. has reported an update regarding the multi-well Phase-1 drill program currently being undertaken by the Company and its partners at the Liberty Ridge oil and gas project in Oklahoma.
The Company anticipates that drilling will commence on Phase-1 well #2 during the last week of June. Additionally, the operator at Liberty Ridge is working out the details of potentially bringing on a second rig in order to accelerate the drilling process. A second rig would allow the spudding of Phase-1 well #3 at the end of the month or in early July. Specific information and details regarding future wells and spud dates will be announced shortly when confirmed by the Operator.
The initial exploration target of the eight well Phase-1 program was recently drilled to a total projected…
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