Credo Petroleum Corp. (CRED) Provides Update on Nebraska Oil Drilling Program, Three of Four Wells Successful
Credo Petroleum, the innovative exploration and production company which employs advanced technologies like their patented Calliope Gas Recovery System for pulling out stranded gas reserves and has substantial acreage in the Williston Basin/Bakken (North Dakota), Anadarko Basin (Texas/Oklahoma), central Kansas and southern Oklahoma, reported today updated drilling results at the Company’s Nebraska drilling play. The Nebraska acreage is an extension of the Company’s Central Kansas Uplift drilling play (40% success rate) and represents the final piece in what is now a 40k-acre puzzle that CRED has assembled in southwestern Nebraska. Between rigorous subsurface geological analysis and more advanced 3D seismic,…