The company said that the Marshall-1 and the Bradley-1 wells both flowed oil at good pressures and volume in drill stem tests taken from the significant zones.

Electric and radiation logs indicate potential for multiple pay zones in both these wells.

The wells began flowing oil and gas without the aid of any acid stimulation or fracture treatment immediately after perforation.

There are now three successful production wells at the Smoky Creek project.

Expected total program reserves to be developed at the Smoky Hill Drilling Program could now be in the range of 750,000BO and 0.15BCFG.

Moreover, based on this exploration success, the company is now actively evaluating new locations for development drilling offset to all three production wells.