The company and its partners re-entered the first well Hubbard 1-H using a Triple Combo log data and targeting the deeper oil zones.

Alamo Energy drilled the three new wells based on the analysis of the new log data.

Alamo Energy chief executive officer Allan Millmaker said the company is maximizing the acreage potential with new development wells, the access of new log data has allowed us to target the best deeper zones which potentially are prolific.

"The economics on the wells along with the risk profile are very encouraging," Millmaker said.

All the four wells are now completed and are in the clean up phase with return of frac fluids which is expected to take an extra 20 to 30 days.

UK based Alamo Energy is an independent company focused on the exploration, development and production of onshore oil and gas reserves.