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The company holds a 20% interest in six oil and gas fields. Operations are currently underway at one of the fields called Nadlac, where the first gas well has been successfully re-worked. It is scheduled to be hooked up shortly. Initial tests on this well indicated gas and fluid produced at the following rates: 27/64-inch choke: 1,230 mcfd and 23 bcd (barrels of condensate per day) and 15/64-inch choke: 673 mcfd and 10 bcd. Re-work operations on a second well are soon to be underway.
Also at Nadlac, a 70 foot thick oil zone has been identified. Geological data indicates the oil zone is field wide encompassing 860 acres and may contain significant recoverable commercial oil reserves.
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