Located in San Antonio, Texas, EnerJex has quickly made a name for themselves as a domestic onshore oil company with assets located in Eastern Kansas and South Texas. Today, the young company took a major step towards prominence with the announcement it has completed drilling 50 new wells in its Rantoul Project located in Eastern Kansas.
In addition to this news, EnerJex provided updates on its Rantoul Project operation. Such updates include that the company has drilled 35 new production wells and 15 new water injection wells with a 100% success rate. Sixteen of the new production wells encountered a secondary oil zone deeper than the primary target zone, and the company intends to commingle and produce both zones together.
Leading the way at EnerJex is Robert Watson whom serves as the company’s CEO. In reference to this press release, Watson stated, “I am very pleased with our drilling results and the rapid progress we have made over the past three months, during a season which is typically limited by severe weather conditions. The deeper oil zone we encountered in this drilling program is certainly encouraging, and I look forward to updating investors on our progress in the coming weeks as we continue to develop this project.”
With this breaking news, EnerJex also has an array of technology within the company’s pipeline and looks to be a company on the rise. With its current price of $0.90 per share, EnerJex may be one of the best kept secrets on Wall Street.
To learn more about this company, visit their corporate website at: www.enerjexresources.com
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment