The analysis of log data indicates potential production from the Skinner and Mississippi zones. Both the Skinner and Mississippi zones will remain behind pipe during production of the Wilcox zone. The company is continuing its review of additional lands for possible acquisition within the area, the company said.
Royal Quantum has a 25% interest in this well and as per the terms of its financing, the company will distribute 60% of its revenue received from the Bond #2-18 to the unit holders.
Royal Quantum is a North American based exploration and development company, focusing on the acquisition and development of cash flow or near term cash flow producing properties in the resource sector.
