New Western Energy Corp. intend to commence drilling three new development locations on its Winchester/Thomas lease located in Oklahoma. Currently the lease is developed with a number of shut-in Coal Bed Methane (CBM) and conventional gas wells, along with a five well EOR (Enhanced Oil Recovery) project for the production of oil from the Burgess Formation. The Company intends to expand the EOR project by adding three additional wells to the five spot pattern currently in production.
New Western intends to spud the first well in the program in mid-July, 2014 with the intent of having all three of the locations drilled and on production before the end of July 2014. Initial production from each well is expected to triple production from the current 5 BOPD and create additional PUD (Proven un-Developed) locations on the project.