Delta Oil & Gas Elects to Complete its Donner #4 Well in Newton County, Texasadmin
Delta Oil & Gas Elects to Complete its Donner #4 Well in Newton County, Texas
Vancouver, British Columbia CANADA, February 20, 2014 /FSC/ – Delta Oil & Gas Inc (DLTA – OTCBB), is pleased to report that Delta and its partners have elected to complete its recently drilled well in the Donner Drilling Program, Newton County Texas (the Donner #4″).
The Donner #4 is the third well in this area for Delta and its partners, one of which is Hillcrest Resources Ltd., TSX.V: HRH). The well was spud on February 2, 2014 and its total depth of 7,510 feet was reached on February 18, 2014. The well was drilled on budget and on time. A suite of Electronic logs was run and after a review of these logs, Delta and partners instructed the contract operator to complete the well for production of hydrocarbons. Completion is expected to commence immediately. The Donner #4 well is approximately 500 feet Southwest of Delta’s Donner #1 well.
Delta has fully paid for its proportionate share of the drilling and completion of this well.
Additional information will be provided when it becomes known.
About Delta Oil and Gas, Inc.
Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in Newton County, Texas, Jim Wells County, Texas, South Central and Oklahoma.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN, President
Contact: Investor Relations at 1.866.355.3644
Safe Harbour Statement
Statements in this press release which are not purely historical, including statements regarding Delta Oil’s intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that the Company’s actual results could differ materially from those in any such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company’s SEC reports including, but not limited to, the annual report on Form 10-K for the year ended December 31, 2012 and the quarterly reports on Form 10-Q filed subsequently. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Delta Oil & Gas, Inc. disclaims any obligation, and does not undertake to update or revise any forward-looking statements in this press release.
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Source: Delta Oil & Gas Inc. (OTCBB: DLTA) http://www.deltaoilandgas.com
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Posted: February 20th, 2014 under FSCWIRE.