PetroTech Oil and Gas Inc. announces the current Brown has recently been revaluated by a geologist that specializes in the Nowata, Oklahoma area and the company has initiated an expansion of the original development plan for the lease. The current evaluation disclosed a well-known oil-producing zone under the lease.
The proposed 18 well drilling program will also include five of the existing wells to be converted to injection wells. The company will inject water as well as gas and CO2 back into the zone to enhance production. It is estimated that there are 40,000 barrels of recoverable oil under the lease. The first well scheduled to be drilled next week will allow the company to test various injection methodologies.