North American Petroleum Plc, has announced that two wells on the Project in which NAP has a 30% working interest have been recompleted with results expected shortly. These are the first of a 14 well recompletion programme planned for 2014 which is targeting a substantial increase in production at Zink Ranch. This update is in line with NAP's strategy to rapidly build net production and reserves through the acquisition and development of leases in liquids rich hydrocarbon plays.
NAP's Managing Director Stefan Olivier said, 'These two recompletions kick-start what promises to be a high impact, low cost development programme at Zink Ranch which will see a total of 14 existing wells recompleted and the drilling of at least two new wells in 2014. With a 30% working interest in each of these wells, the potential to transform NAP's production profile is clear.