Spectral Capital Corporation has finished the recompletion and reconditioning of its first oil well on its newly acquired Alberta property with production beginning imminently. There are seven other drilling locations on this property that Spectral intends to develop.

“Spectral is exceptionally pleased that our first producing well has been successfully recompleted, ahead of schedule, and that revenues will be generated immediately. We are looking forward to realizing profits from this first well and expect that production will provide us with revenues sufficient to cover overhead and to fuel expansion efforts for the development of the property.” Concluded CEO Jenifer Osterwalder.

Tags: Spectral Capital Corporation