JayHawk has brought a fourth well online for production in Divide County, North Dakota ending a string of nine months with less than a majority of wells producing. Oil production in North Dakota has been hampered severely by flooding and subsequent poor road conditions since February 2011 .
The Company's "Kearney" well remains non-producing as a result of continued high water and inability to access storage tanks. JayHawk anticipates resuming production on the Kearney well within the next 45 days.
JayHawk's focus, over the course of this current fiscal year, is to enhance the production rate of its current wells in North Dakota 's Williston Basin and also increase its acreage with additional proved producing properties or properties which will allow for additional production and development. The Company's focus remains on its North Dakota properties as management has surmised its best opportunity for increased production remains in the Bakken/Three Forks formations.
Lindsay Gorrill , President of JayHawk Energy, stated, "We are pleased to return production to historically normal volumes at a majority of our Divide County wells. While the past several months have been difficult, we have weathered the storm and look forward to returning to normal operations. The Company will focus on improving efficiency and optimize production volume, as well as looking for additional growth opportunities in the Williston Basin."
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