Late last month, Precision Petroleum Corp. announced the conclusion of an agreement to explore 10 leases in the State of Montana. To proceed with this program, the company has retained Ramsey Engineering, a petroleum engineering firm in Oklahoma City, to conduct an engineering survey to identify and advice on a possible seismic project as well as provide input on the optimal drilling locations. Precision Petroleum anticipates conclusion of the study within 60 days.
Richard Porterfield, Petroleum Geologist and President of Precision, noted the importance of the survey as it will enable the company to proceed with minimum risk and to focus on the pre-eminent structures identified by the Ramsey study.
Precision Petroleum Corporation is an independent energy company focused on acquiring, exploring and developing oil and natural gas properties in the United States. The company is dedicated to seeking out and developing low-risk opportunities in the oil and natural gas sectors. Additionally, Precision aims to define larger projects that can be developed with Joint Venture partners.