Posted in | News | Natural Gas | Oil Shale

Grid Petroleum Provides Details on Drilling at Garcia #3 Well

Grid Petroleum, a development stage firm, declared that it has been informed by Progas Services that the Scorpion Number I drilling rig will be mobilized to the site in the coming weeks. Progas Services is the joint venture operator.

Kidd Production had postponed all enquiries to Dan Polk and Progas Services with respect to the continuous delay in commencing the Garcia #3 well. Kidd Production is the operator of record for this well. Grid has confirmed the availability of drilling rigs for the Garcia #3 well, as the payment has been finalized by Progas Services.

The company will mobilize the drilling rig onto the site in order to commence the drilling process, based on the funds needed for the Garcia #3 well drilling.

According to James Powell, Grid Petroleum’s President, Dan Polk of Progas Services has committed the availability of grants to the company. The funds will be shifted to the drilling account in order to mobilize the rig to the site and commence the drill program by next week.

The company warns that a minor delay may be caused due to the present rainfall conditions of the region. Based on the commitment of Progas Services, the drill rig will be located onsite by the following week. The situation will be observed daily and the company will announce if there is any advancement in the situation.

Grid Petroleum concentrates on the purchase and expansion of low-cost gas and oil prospects along with infield drill program for proven potential reserves found in Canada and the United States.

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