Drilling Ops Underway at Bond Prospect
Royal Quantum announced drilling is underway on its Bond #3-18 prospect. The Bond #3-18 is an offset to the Bond #1-18 and Bond #2-18 wells, both of which are in production. The Bond #3-18 prospect has the potential for several pay zones with the prime objective being the 1st Wilcox Sandstone.
The Sattler #1 well is currently under test, which is expected to continue for the next few months to determine if it warrants putting on production. Management will continue its review of additional opportunities for participation in the drilling of oil and gas wells in the area to increase shareholder value.