Doxa Energy Ltd. report that it has 9 wells in production or in the process of being placed in production. As of December 31, 2011 Doxa was receiving cash flow from 5 initial wells, and anticipates by May 1, 2012 it will be receiving cash flow from all 9 wells. The producing wells include 3 Eagle Ford Shale producers, 3 conventional Wilcox discoveries, and 3 completions within the Mississippian Oil Play of northern Oklahoma. At year end 2011 Doxa was receiving approximately $130,000 per month attributable to its interests in the initial 5 producing wells, net of production taxes.

Since its inception in May, 2010 Doxa has acquired approximately 4,000 acres of net leasehold. Overall, Doxa management expects to participate in a total of 18 gross wells this year. The plans include 2 wells within the Eagle Ford Shale Play of south Texas, 12 wells within the Mississippian Oil Play of northern Oklahoma, and 4 wells within the Sarco Creek 3-D Project on the Texas Gulf Coast. The following provides a more detailed update of some of Doxa's current projects.

Tags: Doxa Energy Ltd.