The company, which has various working interests in 26 well locations, plans to pursue the optimum revenue while at the same time exploring and re-developing all of its leasehold interests.

Included in this re-work program is the recent evaluation of Sharon #1 well located in Section 5 within Garvin County.

The well has been a consistent producer, however, it has had an unexpected production decline which will necessitate a service rig re-entry to clean, and acid flush in order to stimulate the reservoir.

Precision Petroleum is engaged in the acquisition, exploration and development of oil and natural gas properties in North America.