MONTANA, Jul 28 2008 (Neo Natura) - Majestic Oil and Gas, Inc, a United States Public Company whose securities are qualified for quotation on the Over the Counter Bulletin Board today announced that the Company successfully drilled the Boucher #18-1 well located in Pondera County, Montana, bringing the total number of successfully drilled wells to-date to six. The Boucher #18-1 well is the first well of a three-well drilling program, planned by the Company.
This natural gas well is located in Section 18-T29N-R5W, Pondera County, Montana. The initial production test of the Boucher #18-1 well was 3.6 pounds on a 1" orifice, which is 270 MCF per day. With these results, it was determined that the Lake Frances Field extends to the northwest, proving up additional locations for drilling. The production interval on the Boucher #18-1 well is 2324' to 2338', with 14 feet of total pay zone. The Company has plans to complete this well within the next week in addition to constructing the pipeline necessary to connect this well to the gathering system.
July 28, 2008
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