Emvelco Corp. (EMVL.OB) Announces Davy Crockett Gas Subsidiary Will Drill First Well
Based in Bel Air, California, Emvelco is an emerging company focused on oil and natural gas exploration and development. Started in 2008, their principal strategy is to acquire rights to drill key land positions in major oil and natural gas basins, which have large, seismically-defined prospects near existing significant oil or gas production. Emvelco acquired rights to drill at least 86 wells in Crocket County TX. These are infield drilling wells with negligible “dry hole” risk. 48 of the well locations are already classified as “proved undeveloped” or “PUD” by independent engineers – which means they should provide an opportunity…