Final Steps Taken to Commence Oil Production at Eberle #1
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.
"I am very excited to be able to see our hard work start to pay off with the Eberle #1. I am meeting with some investors over the next few days to show them a glance at some of the onsite activities and want to extend my invitation to anyone who is interested in meeting with me. Due to the expedited activities, shareholders should expect a series of updates as work continues to near completion in the coming days," stated President Brandon Toth.