Phot Credit : Business Wire

Octagon 88 Resources, Inc. says that the drilling operations of the first well announced March 11, 2013 has successfully reached a total depth of 500 meters - the coring operations have now begun.

The first of the 3 wells is located in the Manning area of the Peace River block of north-western Alberta. Octagon 88 and partners are targeting the Bluesky/Gething zone, an area known to be a consistent producer of conventional Heavy Oil by companies like Shell, Murphy, Baytex and Pennwest.

The cores will be tested in designated laboratories to confirm the properties of the sands, oil and cap rock, establishing the Bluesky/Gething well through laboratory analysis.

Tags: Inc., Octagon 88 Resources