Grid Petroleum, a company focused on the acquisition and development of low cost high reward oil and gas prospects, has been informed by the Joint Venture Operator Progas Services that the Scorpian Number 1 drill rig will be moving onsite this week.

All previous enquiries regarding the continued delays for the start date of the Garcia #3 well have been deferred by the operator of record for the well Kidd Production to Progas Services and Dan Polk.

Availability of the drill rigs for the Garcia #3 well has been verified by Grid Petroleum and is subject to the finalization of payment by Progas Services, following which the drilling rig will move onto the drill site to begin the drilling process.

Grid Petroleum president James Powell said, "Dan Polk of Progas Services Inc has committed to the company that the funds are available and will be moved to the drilling account to allow for the rig to move onsite and begin drilling next week."

Progress on the work at the site will be monitored by Grid Petroleum on a daily basis and will be reported.