The purpose of the re-entry is to gather data from the wellbore to assist the company in evaluating the hydrocarbon and CO2 potential in the company’s northern Montana acreage.

The well will be deepened from its current depth in the Cutbank formation of approximately 3,216ft.

Samples will be taken from the Lodgepole, Bakken, Nisku and Duperow formations at depths ranging from 4,400ft to 5,500ft.

The well will be drilled by the company’s wholly owned subsidiary, FX Drilling Company headquartered in Oilmont, Montana.

The well will be plugged and abandoned following the completion of the re-entry project.