Petro River Oil Corp. plans to drill an exploration well in the Arsaga field. Following the company's success in the North and West Blackland fields, the Arsaga exploration well marks the commitment of the company's expansionary 2018 drilling program. This exploration well in Arsaga is the first of three wells in the program. The Arsaga exploration well will test a 2,000 acre structure and, if successful, result in the drilling of up to 100 wells with estimated ultimate recoveries per well of approximately 50,000 barrels of oil equivalent.