Octagon 88 Resources Inc., (OCTX) announce that the Manning Projects Operator (CEC North Star) has confirmed it has received (13.09.13) the final governmental approval required to file for the drilling license of the first production well on the Elkton Erosional Edge. This is two weeks earlier than previously announced, the drilling company and other required oil service providers are scheduling and will provide the anticipated spud date in the next few days. The construction of the Elkton Erosional well pad is currently underway.

The Company has verified through third party analysis that the core samples and well logs from the Elkton Erosional has been proven to be geologically unique as to the presence of unconsolidated oil sands at the edge of the consolidated limestone carbonates holding even larger quantities of oil. Recent economic simulation testing has proven that primary (Cold Flow) production will be the production method used for the Elkton Erosional Edge, this is the Company's game changing aspect as the operator will now carry on straight to production not needing thermal recovery thus saving exponentially on CAPEX costs and cash flow timelines.

Tags: Octagon 88 Resources