Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/eos-petro-to-expand-illinois-basin-works-property.shtmlEos Petro to expand Illinois Basin works property
Eos Petro, Inc. announced its intention to expand its Works Property activities in the Illinois Basin with four recompletions and two new wells.
Edit page New page Hide edit links
Eos Petro, Inc. announced its intention to expand its Works Property activities in the Illinois Basin with four recompletions and two new wells.
'With the first new well scheduled for completion in August and the second in September, Eos is set to capitalize on its Illinois Basin opportunity,' said Martin Oring, CEO of Eos Petro.
'We expect the Works Property expansion to double our current production levels to over 100 BOPD, thereby delivering a profitable return on our investment -- even with the current state of today's crude oil markets.'
