Source: Topaz Resources
Topaz Resources Inc. (OTCBB: TOPZ) has started its next drilling program in the Barnett shale formation in North Texas.
Topaz Resources Inc. (OTCBB: TOPZ) has started its next drilling program in the Barnett shale formation in North Texas.
The program calls for a minimum of three horizontal and/or vertical wells during the remainder of 2010.
Over the past 10 years, Topaz has assembled, drilled and sold over 10,000 Barnett lease acres in various separate drilling programs/ventures, with dollar values and yields approaching $100 million.
Topaz has approximately 1,850 Barnett gross acres in the historic core area of the Barnett play in Wise and Denton counties.
Topaz holds approximately 950 gross leasehold acres located favorably in the oil area of the Barnett play in Montague County.
To date, Topaz management have drilled or participated in over 250 Barnett wells.
To date, Topaz management have drilled or participated in over 250 Barnett wells.