Doral Energy Corp. (DEGY.OB) Provides New Mexico Operational Update
Doral Energy Corp. is a domestic oil and gas exploitation and development company. The company's strategy is to grow a portfolio of under-developed oil production assets with the potential for generating near-term increases in existing production through operational improvements. The company also looks to longer-term development of undeveloped reserves by infill drilling. Doral Energy announced that the company is immediately taking steps to begin operations to recomplete its Federal S No. 7 well in Eddy County, New Mexico as a Grayburg/San Andres completion. Total cost of this project is estimated to be $250,000. This decision is based on the results…