Richfield Oil & Gas Company has acquired two additional submersible pumps that will be installed in its Gorham Field located in Russell County, Kansas. In addition to the work that was previously announced on October 14, 2013, the addition of two additional submersible pumps will provide for increased production with the benefit of increasing the current proven and probable reserves assigned to these wells. Upon successful scheduling, it is anticipated that this work will be completed, in conjunction with other operations currently underway, sometime in early November. Richfield owns a 100% working interest and an 80% net revenue interest in the Gorham field.
The first phase of work on the Company's Wasatch National Forest #16-15 well located in Uinta County, Wyoming was completed with the successful perforation of the targeted zones. The well is being flowed intermittently to allow for clean up. Continuous production operations are anticipated to begin early November 2013.