(COMTEX) B: Lakota Energy Inc. Announces the Start of Drilling on the
B: Lakota Energy Inc. Announces the Start of Drilling on the South Halter
Island Prospect and Participation in the Garwood Prospect in Texas
ATLANTA, Jun 16, 1999 (BUSINESS WIRE via COMTEX) -- Lakota Energy Inc.
(OTC BB:LAKO), announces the start of the drilling of the State 16146
no. 1 well, located in the South Halter Island Field, Terrebonne and
St. Mary Parishes, Louisiana.
The rig is on location and drilling at a depth of 200+ feet as of
today.
Lakota Energy Inc. is also pleased to announced participation in the
Garwood Prospect, Colorado County, Texas. This is a multi-pay test to
develop the Yegua "Y-2", "Y-4" and a shallow Miocene gas sand. In
addition, the Frio formation, which has been quite prolific in this
area, will be tested. Lakota's working interest in the well is 17.5%.
The lease block consists of 480 acres and an additional 360 acres is
being negotiated for acquisition. If this well is successful, a second
and third well will be drilled. This project was developed by the use
of 3-seismic and "bright-spot" interpretation by Cummins and Walker Oil
Company Inc. of Corpus Christi, Texas, |
