Osage Begins Drilling Oklahoma Well

Osage Exploration and Development, Inc., focused on the Horizontal Mississippian and Woodford plays in Oklahoma, announced the spudding of the McPhail #2-18H in section 18-18N-3W of Logan County, Oklahoma. This is the fourth horizontal oil well drilled in the 30,000+ acre Nemaha Ridge project by Osage in conjunction with its partners, project operator Slawson Exploration Company and US Energy Development Corporation.

Greg Franklin, Vice President of Exploration and Director, stated, "The McPhail #2-18H is located towards the middle of Osage's acreage block. We have successfully drilled two wells in the southern area of the acreage, and one in the northern area. The quality of the rock in the middle where we are drilling the McPhail well looks as promising as or better than the northern and southern areas of the acreage."