DENVER, Aug. 27, 2012 /PRNewswire/ — Grid Petroleum Corp. (GRPR): The Board of Directors is pleased to announce that Grid Petroleum has received from the Premont Joint Venture Operator, Progas Services Inc, a geological summary derived from the core analysis of the Garcia #3 percussion core samples taken the week of August 22 through August 24, 2012 by Geologist Patrick Robinson.
“The Progas ‘Garcia’ #3 well in the Premont Northwest field was drilled to a depth of 3780′ and logged on August 19, 2012. This well was a 1200′ offset to the south of the Progas “Garcia” #2 well which is producing 10 bopd from the Lower Bardsdall Frio sand at from 3434′-44′, after that zone has produced close to 30,000 bbls of oil. The primary objective for this well was to establish production from the Lower Bardsdall sand while evaluating other Miocene and Frio sands.
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