Doxa Finalizes Interest Acquisition, Commences Drilling in Tx.
Doxa has recently closed on the acquisition of a 14.0625% leasehold working interest under approximately 1,412 gross acres comprising the County Line Prospect in McMullen County, Texas. Furthermore, on January 12, 2011 drilling operations were commenced on the initial test well on the prospect, being the Martin-State Gas Unit No. 1. This initial well, which will be drilled vertically to a proposed total depth of 11,800 feet, will be targeting various Wilcox formation sands below 7,500 feet. Several of the objective sands are prolific commercial producers on trend and within two miles of the Martin-State Gas Unit No. 1 location. Hurd Enterprises, Ltd. of San Antonio, Texas is the designated Operator of the project.