Endeavor Power Corp., San Diego, (OTCBB: EDVP) reports it now has five producing oil wells on its Patrick Henry Lease in Nowata County, Oklahoma.
The combined flow rate for these five wells is more than 100 barrels of oil per day. Daily production is expected to increase following Endeavor’s pending activation of its saltwater-injection system along with an acid-frac process planned for each well.
The company plans to complete two more active wells on this lease before the end of March.
Joint venture partner Federated Energy plans to have all of its wells on this lease active by late spring.
Endeavor chief executive Brandon Toth says, “We have now had the opportunity to test all fourteen wells included in this project and all wells show a column of oil at or near the casing surface.”
Endeavor has oil and gas properties in Oklahoma.
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