Adventure Energy Inc., an energy exploration company with operations in the Appalachian Basin, has commenced its drilling program on the JL Blaydes leasehold in Metcalfe County, Kentucky.
The JL Blaydes #1 well was spud in on May 2, 2009 and drilling will continue over the next week. The well's projected total depth is 1,800 feet to drill and test the Knox Formation. In addition, site preparation has been completed for the remaining 4 wells to be drilled as part of the initial stage of this drilling program.
The Company is also pleased to update shareholders on the previously drilled Larry Hardin #1 well. The well has been completed and placed into production. The Company anticipates the first sale of production to occur during the month of May.
"The initiation of the drilling program truly marks a milestone for Adventure and the Company's shareholders," said Wayne Anderson, President of Adventure Energy, Inc. "I believe that the wells drilled under this current program will mark the cornerstone of our Company's future growth in this region while establishing a foundation for revenue for the company."
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