Mogul All Wet at Bakken Zone in Saskatchewan; Drilling Third Well

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.

Company: Mogul Energy International more info
 - Mogul Completes 3rd S. Texas Well (Feb 21)
 - Mogul Spuds 3rd Well in South Texas (Dec 27)
 - Mogul Awarded Drilling Permit in Tx. County (Dec 08)