Mogul continues to conduct its previously announced three well exploration program in southeastern Saskatchewan.
The first well it began drilling in late November encountered a heavily oil stained, marginal reservoir, developed within the Bakken interval. The first well is currently suspended pending further analysis and land developments.
The second well has been abandoned after encountering a wet zone at the Bakken reservoir level. Currently, Mogul is working on the final well of the program which it intends to complete before January 1, 2009.
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