Petrotech Oil and Gas has spent the last month preparing the lease building a new tank battery, installing a new disposal pump, reworking four of the existing gas wells and building the first of 18 new well sites. PTOG began drilling yesterday evening setting surface pipe and rigging to drill the Brown 29-1. We have drilled 700' so far this morning just now entering the Bartlesville oil zone. We expect to complete the drill, log and review results over the weekend.
"Everything is on track and moving on schedule, we have drilled down 750' and already are logging the mud coming up with oil," said Eddie Schilb president of Petrotech Oil and Gas. "Three of the gas wells are in production, and the fourth will be on line this week, and we should be complete by the end of the weekend, with a better than expected report." he added.