Grid Petroleum has received a report of the initial flow testing of the Barnsdall formation from the joint venture operator Progas Inc and its owner/ operator Dan Polk.

"The well is temporarily shut in and is awaiting a frac of the Barnsdall formation the primary formation of the field."

The company continues to be delayed by the Progas and Dan Polk regarding any progress reports or constructive information of the Garcia #3 and its completion.

The company will provide progress updates as they become available regarding the Garcia #3 and other anticipated drilling activity regarding the Northwest Premont Joint Venture.

The company also reports that the development of the additional acreage in the Northwest Premont Area that will be developed by Grid Petroleum's Operating Company, Grid Petroleum Production is continuing with significant progress.

The company anticipates that its first development well of the new prospect will be initiated in the first quarter of 2013.

Tags: Grid Petroleum