2007 Operations Updatehttps://www.defiantresources.com/Releases/default.shtml
2007 Operations Update
The Company is pleased with its excellent start to 2007, having drilled and cased three wells which will add over 300 boe per day to our net production, all of which will be on production early in the second quarter. Highlights of our operations so far this year are as follows:
Drilled a second successful Dunvegan oil well and placed the well on production March 4, 2007 at 100 (55 net) bbl per day.
Drilled a successful Dunvegan gas well which is expected to be on production March 31, 2007 at 1000 mcf per day, adding 150 boe per day to our net production.
Drilled a successful exploration well at Gold Creek. We will be completing and evaluating the well next week and expect to have the well tied in before the end of March.
Production for January and February 2007 has averaged 1,100 boe per day and is expected to increase to over 1,300 boe per day by April 1, 2007 when the above wells are on production.
Drilling of the third Dunvegan oil well is scheduled to commence later this month.