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Indigo-Energy, Inc.
Indigo-Energy Announces Oil Production in the Illinois Basin
May 7th, 2010
Indigo-Energy, Inc. (OTCBB: IDGG) is pleased to announce that is producing oil from its horizontal oil well, the "D-1," recently completed in the Illinois Basin. The well began flowing commercial grade oil about one week ago and is now consistently producing approximately 80 barrels per day. The Company believes that continued adjustments to the well and down-hole pump may cause increased production in the coming weeks. In addition to the oil production, this well is also producing natural gas at a flow rate of approximately 200 MCFD (thousand cubic feet per day). Because of this additional production development, a new gas line has been run to the well site so the natural gas can be...
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Source: Energy Weekly News (2010-05-07)
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