EGPI Firecreek, Inc. Completes Second Ten Mile Draw Gas Well
Monday February 13, 9:00 am ET
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 13, 2006--EGPI Firecreek, Inc.(OTCBB:EFCR - News) Chairman Dennis Alexander announced today that the second well is now completed in addition to well one for the Company's first two-well program in the Ten Mile Draw, Wyoming Coal Bed Methane Field.
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Firecreek Petroleum, Inc.'s President and Chief Executive Officer John R. "Rick" Taylor said, "It is an achievement that our operator Newport Oil Corporations crews were able to get the well programs done under severe weather conditions."
EFCR has recently engaged an independent geologist and reservoir engineer to conduct its reserve report, and further expects when the report is concluded that it will be able to release reserve and other information contained in the report. Further, the Company is also finalizing cost estimates with Newport Oil for a Ten Mile Draw 2006 drilling program in final planning stages.
EGPI Firecreek, Inc., through its Firecreek unit, is focused on oil production with an emphasis on acquiring existing oil fields with proven reserves. Additionally, the Company specializes in the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis. |
