Homeland Resources Ltd. in conjunction with their partners, will spud the first well at the highly anticipated Liberty Ridge Project located in Oklahoma.

The projected depth of the initial Liberty Ridge well is targeted for 5,650 ft. The well is expected to take several weeks to reach total depth. The well site was selected based on positive indications and analytics from a proprietary 3-D seismic survey conducted by the operating partner. Notwithstanding adverse weather or other variables the drilling of this well will begin today.

"This is a great day for Homeland Resources and its many patient shareholders as we begin the next step to unlocking the great potential of the Liberty Ridge Project," said Armando Garcia, President of Homeland Resources. "Based on our assessment of the project, we are optimistic that we should receive positive results from this first well, and will continue to have high expectations for the entire Liberty Ridge Project, insofar as we think that it could have significant economic impact on our Company in 2013."

Tags: Homeland Resources Ltd