Stellar Resources Ltd. (OTC Bulletin Board: SRRL), announced today that Elk Hills Heavy Oil LLC, has discovered a new oil field, which is to be named the Morris Field. The Morris Field is approximately 1,000 acres in size and is located within the 22,000 acre Elk Hills Project in Carbon County, Montana.
The first well in the Morris Field, successfully cored and logged the Tensleep formation. Prisem Geoscience Consulting of Spokane, WA estimates that the Morris Field contains approximately nine million (9,000,000) barrels of oil-in-place. A continuous ninety-three feet of four inch core has been recovered from the Tensleep formation for the purposes of technical evaluation of reservoir qualities. Seven inch production casing has been run.
EHHO is now drilling its second exploration well on the Elk Hills property.
EHHO is owned 50% by the Stellar Resources Ltd. and 50% by Elk Hills Petroleum Canada Ltd.
Source: Stellar Resources Ltd.