FOFU currently has plans to complete the geological analysis and field study within two weeks so the company can move forward with the final drilling permit filings.
On completion of the final permits, the company will schedule the drilling contractor and other service work as needed and this will be the last phase in completion prior to drilling the 15 new wells
FOFU president and CEO Tom Hemingway said the company expects the initial production rates from the 15 wells to produce a combined total of approximately 150 barrels per day totaling 4,500 barrels per month.
