GCHR -- Golden Chief Places an Additional Well on Production
Last Update: 10:00 AM ET Feb 15, 2006
LEWISVILLE, Texas, Feb 15, 2006 (BUSINESS WIRE) -- Golden Chief Resources, Inc. (Pink Sheets:GCHR) has placed an additional well on production on the Lindley lease in Montgomery County, Kansas. These operations were completed over the last few days. The Company installed a new downhole pump, and new production tubing on the well. The Company sent fluid samples for chemical analysis for well treatment procedures which can help reduce lease operating expenses.
The Company also began the review of legal and title issues relative to beginning the gas repressurization project on the Ownbey lease. We expect to be able to implement this project as soon as our due diligence process is completed.
SOURCE: Golden Chief Resources, Inc.
Golden Chief Resources, Inc., Lewisville Mike McIlvain, 972-219-8585
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