The company is drilling the McPhail #2-18H oil well in the Nemaha Ridge project which covers over 30,000 acres.
Osage Exploration vice president and director Greg Franklin said the McPhail #2-18H well is located around the centre of the company’s acreage block.
"We have successfully drilled two wells in the southern area of the acreage, and one in the northern area," Franklin said.
"The quality of the rock in the middle where we are drilling the McPhail well looks as promising as or better than the northern and southern areas of the acreage."
The company is executing the drilling program along with its partners, project operator Slawson Exploration Company and US Energy Development.
