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Northumberland Resources to drill new well in Kansas


Published May 14, 2013
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Northumberland Resources, Inc.

Northumberland Resources, Inc. is drilling a new well on its Sawyer Field Lease in Pratt County, Kansas.

The Sawyer Field has 19 wells of which 11 are currently producing. The Company sold a 30% WI in the field to its operator, Lasso Energy LLC and both companies have agreed to invest $140,000 in upgrading all the existing wells on the property.

The new well, the Larrison #5, has been reviewed by our consulting engineers and the swab tests have indicated 57% oil which could translate into up to 50 Barrels of oil per day. At today's world prices, this well could increase the Company's revenues by $1 million per year.

Tags: Inc., Northumberland Resources




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