Topaz Resources, Inc. announced the completion of Phase 1 of its North Texas shallow oil property, comprising approximately 2,400 gross acres with 80 producing oil wells, located in Archer County, Texas. Phase 1 entailed: upgrading the property including fixing all of the roads, injection wells and tank batteries as well as all environmental work and then passing a Phase 1 Environmental Study; undertaking workovers on two wells in the Gunsight zone at a depth of about 1100 feet, which increased production from approximately 1 Barrels of Oil Per Day (BOPD) per well to over 6.5 BOPD per well at an approximate cost of $3,000 per well; and undertaking workovers in the Gunsight zone and up pipe completion in the Thomas Sands zone, at about 900 feet in 8 additional wells, which increased production from approximately 1 BOPD per well to a range of 20 to 47 BOPD per well at an approximate cost of $5,000 per well. Total production now exceeds 200 BOPD. Topaz is now commencing Phase 2, which entails undertaking workovers and up pipe completions of the remaining 70 producing oil wells, scheduled to be completed during second quarter of 2019.