AA Drilling will drill Fox’s proposed development project in the Geneseo-Edwards Field located in Ellsworth County. The 10-well drilling program is set to commence in August 2008 with the potential for up to four more wells to be added in the future.
The new contract replaces a previous contract with a different contractor who would have set the drilling schedule back to December 2008. Through AA Drilling, Fox has secured the use of the National T12 rig, which comes with a 12-man staff and will be operating 24 hours a day. The rig has been officially secured for August 12, 2008.
Richard Moore, CEO of Fox Petroleum, said: We are pleased to have secured a drilling rig ahead of schedule. Commencing drilling operations in August puts Fox in a position to exceed its deadlines and will shorten the amount of time before Fox can potentially produce the 7,000 barrels per month projection that was recently approved by Ryder Scott for our 10-well program.
