Homeland Resources Ltd. has received notice from the Liberty Ridge Oil and Gas Project operator that drilling of the 2nd well of the Phase-1 exploration program has been completed. Subsequently, it was determined that the well is non-commercial. As a result, the 2nd well will be plugged and abandoned.

Homeland and its partners anticipate that drilling of the remaining six prospects of Phase-1 at the Liberty Ridge Oil and Gas Project will continue following rig and crew mobilization to the next prospect location. Confirmation of a spud date for the third well in the program is expected within 2-3 weeks.

The Liberty Ridge Oil and Gas Project is a multi-well multi-phase exploration drill program currently being conducted by Homeland and it partners. The exploration and development objectives at the Liberty Ridge Project aim to target potential new discovery oil and gas fields in 2nd Wilcox sand, 1st Wilcox sand, Trenton dolomite, Simpson dolomite, Viola limestone, Hunton limestone, Bartlesville sand and Redfork sand formations, each of which are known to have been productive in the region.

Tags: Homeland Resources Ltd