Indigo-Energy Makes Headway in Illinois Basin

Indigo-Energy has made substantial progress in its efforts to complete wells in the Illinois Basin. Last month, the Company announced that it had secured funding necessary to begin completion engineering efforts at the site of three natural gas wells and one oil well drilled in 2009. The Company also recently announced that it had retained the services of Oil and Gas Advisors, LLC (OGA) to consult and assist with the completion efforts.

After a field visit and analysis earlier this month, Rob Dickinson, President of OGA proposed a solution for the remaining engineering issues that were present at the well site and also introduced the company to a well pump specialist with particular expertise in this region of the country and geologic formation. Since that field visit and assessment, new equipment and hardware have been ordered and final work is expected to be completed within the next 2-3 weeks.