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Delta Oil & Gas, Inc. Completes 3 Wells at its Oklahoma
Prospect. Two More to be Drilled.
November 25, 2009
Delta Oil and Gas, Inc, (OTC:BB – DLTA)
is pleased to report that the first three wells at its 2009-1
Garvin County, Oklahoma Project drilling program have been completed
and are flowing oil and natural gas.
The Saddle-1-28 well was drilled
to a depth of 4,875 feet and after testing, production casing was
set and the well is now producing oil and natural gas. The Saddle-2-28
was drilled to a total depth of 4,575 feet and initial testing
justified the setting of production casing as well. Production
has commenced on this well and it is producing natural gas. The
Saddle-3-28 was drilled to a total depth of 4,750 feet, production
casing was set in place and the well is being tested for oil and
natural gas. The volumes of oil and natural gas being produced
have not yet stabilized and as such, actual flow rates are expected
to be announced in the near future.
As part of this 2009-1 drilling
program of which Delta owns a 5% interest, there are an additional
two wells yet to be drilled. They are called the Saddle-1-27 and the
Saddle-2-27. They are in the same area as the first three wells and
are expected to yield similar results to the first three wells in this
program. The progress of drilling and completion activities are expected
to be announced as information becomes available.
About Delta Oil and Gas
Delta Oil is an exploration company focused on developing North American
oil and natural gas reserves. Delta Oil’s current focus
is on the exploration of its land portfolio comprised of working interests
in acreage in King City, California; Southern Saskatchewan, Canada;
and South Central, Oklahoma. As a result of its acquisition of
a controlling interest in The Stallion Group, a Nevada corporation,
it expanded its property interests to include acreage in the North
Sacramento Valley, California.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN,
President
Safe Harbour Statement
Statements in this press release which are not purely historical,
including statements regarding Delta Oil’s intentions, hopes, beliefs,
expectations, representations, projections, plans or predictions of the future
are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. It is important to note that the Company's
actual results could differ materially from those in any such forward-looking
statements. These statements are only predictions and involve known and unknown
risks, uncertainties and other factors, that may cause our or our industry’s
actual results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. Our business could
be affected by a number of other factors, including the risk factors listed
from time to time in the company's SEC reports including, but not limited
to, the annual report on Form 10-K for the year ended December 31, 2008 and
the quarterly reports on Form 10-Q filed subsequently. The Company cautions
investors not to place undue reliance on the forward-looking statements contained
in this press release. Delta Oil & Gas, Inc. disclaims any obligation,
and does not undertake to update or revise any forward-looking statements
in this press release.
1.866.355.3644
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