The company has completed site preparation and permitting, and drilling is scheduled to begin this week, with all commercial wells expected to be completed by the end of 2011.

The wells, which are all shallow verticals with good well control, are expected to produce an average of 5,000 to 6,000 barrels of oil over the first five years of operation.

BlueRock Energy Capital, a capital partner for small oil and gas companies, is providing funding for the drilling program.