Business
Georox Announces Operational Update to the Drilling of Six Wells and Completion of Three Wells
Jul. 18, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR...
About this update from Prospera Energy Inc.
[{"type":"text","content":"\n\n\n Jul. 18, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATATION\n IN THE UNITED STATES/\n\n\nKELOWNA, BC, July 18, 2011 /CNW/ - Georox Resources Inc. ("Georox" or the "Corporation") (TSXV: GXR) (OF6A:FRA) provides the following update with respect to\n its drilling activities relating to the Silverdale Project near\n Lloydminster, Saskatchewan.\n\n\nSparky Non Channel Project \n\n\nThrough its Joint Venture Partner, the Company has drilled and cased six\n wells in the initial drilling program. The Production casing was set on\n all six wells after logging operations confirmed potential Sparky Oil\n pay. Three of the wells have been completed and equipped and production\n will be tested and optimized over the next several weeks. Operations\n are currently under way to complete and equip the other three wells. A\n seventh well is pending an application to reduce the drilling spacing\n unit and should be approved in the next few weeks.\n\n\nThe Company will have earned its 15% interest on the farm-out lands\n consisting of 1040 acres at a cost of $600,000 following the completion\n of the wells.\n\n\nGeneral Petroleums Channel Project\n\n\nIn the same lands referred to above the Joint Venture Partner has\n identified a total of approximately 14 to 18 potential drilling\n locations for horizontal oil wells in the Channel Project.  The pooling\n of the JV lands with an adjacent producer ...