The company said the move follows the results from the first two wells, Teton River #1A-10 and Teton River #2A-10, which were drilled by it on Teton River earlier.
The decision also follows the analysis of drill results from a third well, Teton River #3-10, that previously existed on the property.
Both the recently drilled wells displayed very good heavy oil shows in several different sections.
The two new exploration wells will be located straight east from the previously producing Teton River #3-10 well.
According to the company, it is believed that additional exploration could extend the estimated reservoir model determined by the prior drilling and provide a better understanding of the potential production locations and the size of the pay zones.
