Sigma Global Corporation has completed all work on Well 1A. The new well had solid flow and is the first new producing well to come online for the Company. The Company is also looking to complete Well 2A which was previously drilled. This second well is expected to be producing within the next two weeks. Once both wells are online the Company will make preparations to drill two new additional wells on the property.
Brian Conrad, Sigma Global's CEO, stated, "This is a very exciting moment as we have just brought our first new well online. We took advantage of the break in weather to get Well 1A up as soon as we could. We are hoping to get the second well online by next week and shortly after we should have some data to project production rates. I expect these two wells to strengthen our bottom line significantly."
The Company would like to further announce that the company attorneys are continuing the process of restructuring which includes reducing the authorized shares, changing the name of the Company to Pradera Energy Corp and obtaining a new CUSIP number.
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