Circle Star Energy Corp. has commenced drilling in Trego County, Kansas ahead of schedule. CRCL owns a 25% working interest and a 20% net revenue interest until payout at which time CRCL will convert to a 43.75% working interest and a 35% net revenue interest after payout.

The initial well in Trego County is planned to drill to 4,200 feet and test the Arbuckle, Kansas-Lansing and other formations that are productive in the area. According to the Kansas Geological Survey, oil and/or natural gas is produced in 93 of 105 Kansas counties with the Arbuckle Formation accounting for 36% of total oil production in Kansas.

Located in Northwest Kansas, Trego County has been the site of several major oil discoveries, including its first oil pool discovery in May 1929, and cumulatively produced 66,787,369 bbls to date.

Tags: Circle Star Energy Corp.