The company’s primary area of interest is the Wilson prospect, which lies in the south-east portion of Okmulgee County – a prolific oil and gas-producing region of central Oklahoma.

With paved roads and easy entrance to drilling sites, the prospect is near the city of Henryetta, Louisiana said.

A gas-gathering system also runs north-south along the western border of the lease ensuring immediate access to gas sales, it said.

The primary objectives are the conventional formations of the Wilcox Sandstone and Cromwell Sandstone, and the unconventional formations of the Woodford Shale and Mississippian Caney Shale.

“The Wilcox Sandstone can yield very high initial and cumulative amounts of oil and gas when found on a structure,” Louisiana director Matthew Walker said.

“There is strong structural closure covering approximately 100 acres of the Wilson Prospect, which will likely support the drilling of three to five wells.”

He added that comparably sized structures in the area have yielded 100,000-750,000 barrels of oil at typical rates of 10-200 bbls of oil per day, he said.

Walker said the acreage would most likely allow the drilling of up to 12 vertical wells to test these formations.

US-based field operator, Metro Energy, will complete the following field activities at the Wilson project.

• Rework the existing Wilson-1-10 well, to enable potential resumption of gas production from the Gilcrease Sandstone.

• Permit, clean out, and properly equip the existing Wilson-2-10 well for conversion to a saltwater disposal well, and to install the appropriate infrastructure to produce and market hydrocarbons.

• Drill, complete and tie-in the Wilson-3-10, a well specifically designed to test the Wilcox Sandstone.

The reworking of Wilson-1-10 and the Wilson-2-10, and the completion of the Wilcox formation in the Wilson-3-10, are expected to be completed within the next two to four weeks, Louisiana said.