Eternal Energy Corp. (EERG) Updates Operations at Spyglass Project
Eternal Energy Corp. issued an operations update on the company’s activities in the Western United States, where it is working with several partners on a number of oil and gas wells. Eternal Energy is targeting the Bakken and Three Forks formations at the Spyglass Project, which is located in Divide County, North Dakota. During the third quarter of 2011, the company was involved on a non-operated basis with eight oil and gas wells. Three of the non-operated wells were completed during the quarter, and Eternal Energy Corp. reported that the initial production rate for these wells during the first two…