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10October, 2022
As already announced, we are also taking off in the 6th state. We are planning 2 horizontal wells in cooperation with our long-term partner Arcadian Resourses. The Leas is located approximately 10km outside the village of Sweetwater, in Nolan County/Texas. The well will have a depth of 7,000 feet and a length of 12,000 feet. Cholla Petroleum has already drilled 4 horizontal wells across the street from us. As of October 2022, the 4 wells had daily production of 380, 750 and 2x 1000 barrels per day.
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