Octagon 88 Resources (OCTX) is pleased to announce that the operator of the Manning projects has advised Management to spud the first horizontal production well in the Bluesky Gething formation.
Octagon 88 anticipates to receive spud dates from the operator post the granting of the drill license. Managements believes that the well will be drilled and completed by the end of May 2014. Further information regarding the approval of the drill license will be soon forthcoming.
The current program schedule entails working with the operator of these properties CEC North Star to bring on production and cash flow through the company's direct working interests, and indirect investments spread throughout the projects.