The company said that its oil program experts are determining the most valuable drilling locations. Czech Republic Resource has enhanced georadiometric surveys of more than 700 acres of land.
According to the company, computer-optimized georadiometric evaluations of multiple leases are stating significant crude oil reserves and have determined consistent hydrocarbon anomalies, significant hydrocarbon reserves and potential drilling locations.
Additional acreage to be leased has been identified near the examined areas for further evaluation. Czech Republic Resource will continue to evaluate the locations and continue working on the drilling program preparations.
Czech Republic Resource is an energy company engaged in the acquisition, exploration and development of properties for production of crude oil and natural gas.
