Tanager Energy Inc. and Paleo Oil Company, LLC Commence Operations for First Yegua Test Well in Polk County, Texas
December 22, 2016 at 05:48 pm
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Tanager Energy Inc. (Tanager), which owns a 50% working interest in a 312.5 square mile area of mutual interest (AMI) with Paleo Oil Company, LLC, in east Texas, announced that operations have commenced for its first well to be drilled within the AMI. The operator and 50% owner Paleo Oil Company, LLC, has commenced construction of the road and drilling pad for the well, and has applied for a drilling permit for the well, which will be named the Raptor A #1 well. The Raptor A #1 well will be located approximately 2.5 miles southwest of Camden, Polk County, Texas, and will be permitted to a maximum depth of 4,500 feet. The well will target the Yegua sandstone formation. A further update will be provided as to the likely spud date once the drilling rig schedule is confirmed.
EF EnergyFunders Ventures, Inc. is an oil and natural gas investment company. The Company operates through three geographical segments: Canada, U.S., and Fintech platform. The Canada segment includes the exploration for, and development and production of, crude oil and natural gas in Alberta, Canada and the acquisition, exploration and development of precious and base metal properties in Ontario, Canada. The U.S. segment includes the exploration for, and the development and production of, crude oil and natural gas in the United States of America. The Fintech platform segment includes the operations of the energy-focused investment listing and investment portfolio management activities.
EF ENERGYFUNDERS VENTURES, INC. 
