Stellar Resources said that Elk Hills Heavy Oil (EHHO) has discovered a new oil field in Carbon County, Montana, which is to be named the Morris Field.
The Morris Field is approximately 1,000 acres in size and is located within the 22,000 acre Elk Hills Project in Carbon County, Montana.
The first well in the Morris Field, successfully cored and logged the Tensleep formation.
Prisem Geoscience Consulting of Spokane, Washington estimates that the Morris Field contains approximately nine million (9,000,000) barrels of oil-in-place.
A continuous 93ft of four inch core has been recovered from the Tensleep formation for the purposes of technical evaluation of reservoir qualities and seven inch production casing has been run.
EHHO, which is owned 50% by the Stellar Resources and 50% by Elk Hills Petroleum Canada, is now drilling its second exploration well on the Elk Hills property.