In addition, a pump was installed in the horizontal oil well, which the company also drilled in 2009 with the help of its operating partners in the Illinois basin.
Over the next week, the newly installed pumps will undergo additional tests and adjustments while some gathering system and infrastructure improvements are made at the well sites. The company and its operating partners in the basin will complete some required gas and pipeline tests necessary to begin flowing gas and oil consistently from the wells.
Once in production, Indigo will use revenue from its working interests to provide relief for outstanding payables on this project as well as helping the company prepare for its next steps of growth and development. Over the next week, the installed pumps will undergo additional tests and adjustments while some gathering system and infrastructure improvements are made at the well sites.
Steve Durdin, president and CEO of Indigo, said: “Every bit of data that we have along with the test results from last week point to the fact that these wells should meet or exceed all of our expectations for natural gas and oil production in this field. This step marks a momentous accomplishment for Indigo and its shareholders as we near anticipated production on this exciting project.
“I believe that these four wells in the Illinois basin will serve as a major turning point in the Indigo story as we move ever closer to achieving our long term business objectives as a company.”
