The four wells in question are located on three tracts of land known as the Alexander A, housing (1) re-entry well called the #2, the Alexander B, housing 2 shut-in wells called the #1 & #3 and the Anton, housing (1) shut-in well called the Anton #1.
The company, through the operator, has held discussions with the landowners to discuss the plans to develop the lease.
After clearing the areas around the wells, the valves on the #1 & #3 wells were opened and had strong gas pressure with signs of oil.
A drum, hose and pump were then set up, and the wells produced gallons of oil within minutes, and have subsequently continued to produce.
The company said that it has now met the requirements to hold lease through production.
