The company reached to total depth of 4,783ft at the Stockton #2 well following the signs of hydrocarbons.
According to the top-to-bottom wire line log conducted by the company, two pay sites of 25ft and 8ft were found at depths of 4,075ft and 4,490ft respectively.
The company expects the Stockton #2 well to offer an initial production rate of 61BOPD and a production rate of 45-50 BOPD during the first two months of production.
Treaty Energy is also planning to dig a new Mitchell lease, based on data gathered during the wire line logging of the Stockton #2 well, while the new well will be named as the Mitchell #5.
Additionally, the US-based firm will own 75% NRI and 100% working interest (W/I) on the Mitchell #5 well.
