Green Star Energies confirmed that the rig arrived earlier this week in Bastrop County, Texas at the Eberle #1 worksite. Since its arrival work has already commenced on the well, moving it into production.
The Eberle is on the outskirts of the Giddings Field and is in close proximity to Anadarko Petroleum's Central Texas operations which are considered to be the most prolific in that region. A report created by Anadarko Petroleum engineers reflect that the Northwest portion of the Giddings Field as being the most productive with current technology. Both Green Star's and Anadarko's wells are within this section.
The work to complete the Eberle #1 as an oil well is expected to take up to two weeks. After the rig has reached its target depth and the well has been finished we will enter the production phase of this project. Consistent updates will be made available as reports are presented by the operator to Green Star Energies.
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