Endeavor Power expects to complete the sale and delivery of its first full load of oil from the Patrick Henry Lease.

This first load has been produced from the first 7 wells already in operation, and we anticipate another full load of oil to ship within 10 days. Federated has also brought an 8th well on-line within the last few days.

Though we previously expected to have 13 wells in operation, as previously announced, there is now expected to be a total of 14 wells in operation. Once all 14 wells on this lease are operational, deliveries of full loads of oil are expected to occur at least on a weekly basis. Our joint venture partner, Federated, has advised that each full load of oil represents 100 barrels.

"The results so far have been tremendous and we are excited about the progress we continue to make. We look forward to having all wells operational so we can move forward with additional testing to possibly drill more wells," said Rick Wilkins of Federated.

Tags: Endeavor Power Corporation