The well, which is operated by Husky Ventures, is being drilled to the Hunton formation and production is expected to commence next month.
According to the company, the Hancock well is adjacent to another Hunton well that has produced 18,000 barrels of oil in the previous nine months and is within a mile of the company’s Robinson well which has produced over 38,000 barrels of oil in the past 12 months.
Xtreme CEO Willard McAndrew said the company continues to leverage its key strategic relationships to expand its oil property holdings.
US-based Xtreme is engaged in the exploration, development, acquisition and production of crude oil and natural gas.
