Force Fuels, Inc. announced this afternoon that it has begun Phase II of its drilling plan with Carroll Energy, which includes preparing the reports needed to complete 15 new wells on the properties Force Fuels acquired.
Force Fuels anticipates completing the geological analysis and field study within two weeks. The company will then be able to move forward with the final drilling permit filings. Once the final permits are issued, Force Fuels will schedule the drilling contractor and other service work as required.
“This is the last Phase to complete prior to drilling the 15 new wells. As I stated in a recent press release, we expect initial production rates from the 15 wells to produce a combined total of approximately 150 Barrels Per Day (BPD), totaling 4,500 barrels per month, in addition to the production from the recently opened previously shut-in wells. We are both proud and excited to enter the production phase,” stated Tom Hemingway, President and CEO.