Circle Star Energy Corp. (OTCBB: CRCL) reports its second well, the Lynd 36-2, in Trego County, Kan., has been spud.
Drilling operations for the Lynd 36-2 well commenced on Jan. 31 and are progressing as expected.
CRCL’s first well, the Lynd 36-1, in Trego County has been completed and is currently producing. CRCL anticipates announcing a 30-day production rate on or about March 1.
CRCL owns a 25% working interest and a 20% net revenue interest until payout at which time CRCL will convert to a 43.75% working interest and a 35% net revenue interest after payout in both the Lynd 36-1 and Lynd 36-2 wells.
Circle Star Operating, a wholly owned subsidiary of CRCL, operates both wells in Trego County.
Circle Star Energy Corp. is a E&P company based in Fort Worth, Texas.
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