Osage Exploration and Development, Inc. announced a one day peak IP on the Tontz 2-32H of 608 BOE. The Tontz 2-32H, operated by Stephens Production Company, is the second well to be drilled in Section 32-17N-3W and directly offsets the previously announced Tontz 1-32H. Osage owns 8.23% of the well.

Management Comments

'The significance of the early production from the Tontz 2-32H, which is the second horizontal Mississippian well in Section 32-17N-3W, may be more than meets the eye,' stated Mr. Kim Bradford, Chairman and CEO of Osage Exploration and Development. 'The Tontz 1-32H, which was the first horizontal Mississippian well in the section, has already produced over 30,000 barrels of oil and over 30 million cubic feet of natural gas. Osage's Wolf 1-29H, which literally shares a drilling pad with the Tontz 2-32, has already produced over 80,000 barrels of oil and over 80 million cubic feet of natural gas.

Tags: Osage Exploration and Development