Greenfields Petroleum Corporation reported that Bahar Energy Operating Company (BEOC), the operating company for Bahar Energy Limited in which Greenfields owns a 33.33% interest, spudded the Gum Deniz 601 well on August 20, 2012.

well is being drilled from a pad on Gum Deniz Island in Azerbaijan utilizing the Great Wall 88 rig to develop a field extension in the north of Gum Deniz field that is expected to be un-drained.

John W. Harkins, CEO of Greenfields, stated, "This is an excellent opportunity to add early production and cash flow. BEOC was fortunate to locate a first-rate land rig that enables us to act early on these prospects."

Tags: Greenfields Petroleum Corporation