The company has also scheduled, beginning in August 2008, an enhanced recovery program consisting of both waterflood and NCO2 injection throughout the entire unit with plans to rapidly produce the unit’s 1.3 million barrels of proven recoverable oil.
The company produced 430 barrels of oil between June 1, 2008, and July 10, 2008, on its Big Sky and Arco Selby leases in Oklahoma, and the company’s net interest in this oil is 20%.
The company expects to substantially increase production as it commences NCO2 and waterflood on the two leases over the next 45 days.
Workover activities have also been scheduled for the company’s Great Plains project located in Wichita County, Texas. The project consists of 45 wells and workover of the first 12 wells is scheduled for late July 2008 and early August 2008.
