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Article: Third Quarter Operational Update on Texola's Chinchaga Prospect in Northern Alberta and Maverick Springs Prospect in Nevada.
- Article from:
- Business Wire
- Article date:
- September 15, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, British Columbia -- Texola Energy Corp. ("Texola" or the "Company") (OTCBB:TXLA) is pleased to provide a third quarter operational update on its Chinchaga Prospect located in Northern Alberta, Canada, and on its Maverick Springs Prospect located in Nevada, USA.
Chinchaga Prospect
The Chinchaga well (8-24-95-8W6) will commence drilling by December 15, 2006, and will take approximately 18 days to reach final depth. Texola Energy owns a 10% interest in Suncor Energy's Chinchaga prospect located in Northern Alberta, with Eden Energy Corp. holding a 50% position and Suncor retaining a 12.5% gross overriding royalty.
The parties have also ...