WellStar Energy Provides Update on Drilling at North Dakota Well
Wellstar Energy Corp. (WSE-H.V) said that the first well has been drilled and the second well has been spud on its anticipated primary non-operated joint venture in Dunn County, North Dakota.
The company expects to have a 40% working interest in each of the wells upon completion of the acquisition from a private Colorado corporation of certain non-operated oil and gas properties consisting of approximately 18,271 gross (7,273 net) contiguous acres located in North Dakota, which will constitute a "fundamental acquisition" for the company under the policies of the TSX Venture Exchange.
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