EGOH now expects to be able to restart the pumps on the four wells which have already been reconditioned as part of its plan to return all of its wells back to production. The company is currently seeking additional funding to expedite its operating plan to test and then recondition an additional 10 to 20 wells in the upcoming months.
Eagle Oil is an independent growth-oriented energy company engaged in the exploration and production of oil through the development of repeatable, low geological risk, high potential projects in the active East Texas oil and gas region.
The company currently holds a 78% working interest in 173 wells located in the Historic Woodbine Oil Field in East Texas.
