Native American Energy Group Issues Progress Update on Five Well Workover Program in Montana
In an effort to keep you informed of developments at Native American Energy Group, Inc. (OTCQB: NAGP), Elite Financial Communications Group is pleased to bring you the Company's most recent press release.
Native American Energy Group, Inc., an independent energy resource development and management company, is pleased to provide the following operational update on its recently announced five-well workover program of the Company's lease holdings located in the Williston Basin in northeastern Montana:
Wright 5-35 Well
In early December, NAGP completed the initial workover of the Wright 5-35 well, located on the Company's 160-acre lease in McCone County, Montana. Further, field crews successfully upgraded the electrical systems which power the surface equipment, replaced the pad under the pumpjack and winterized the well site. Following the completion, which included the application of highly advanced multi-lateral jetting technology, the Wright well is now in commercial production and currently generating approximately 24 barrels of 36 degree API Gravity Oil per day. The production on the Wright 5-35 prior to originally being shut-in during 1995 was nine barrels of oil per day (BPOE). Well testing during the completion stage exhibited an oil cut (difference between oil and water) ranging from 25% to 50%. Based on the well test which included swab testing, NAGP believes the production will slowly increase as the well stabilizes.
To view the news announcement in its entirety, please click on the link provided below.
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Please click on the link below to view: NAGP_12_21_2011.pdf
About Native American Energy Group, Inc.
Native American Energy Group, Inc. is a New York-based, energy resource development and management company with three principal projects: development and management of its oil & gas interests and operations in the Williston Basin, Montana; development of coal-bed methane natural gas ("CBM") in the Cook Inlet Basin in Alaska; and planned implementation of vertical-axis wind turbine power generation technology for the production of clean, cost-efficient green energy throughout the USA, including Alaska and on all U.S. Native American tribal lands. The Company uses its web site as a channel of distribution of material company information. Financial and other material information regarding the Company is routinely posted on and accessible at www.nativeamericanenergy.com or via email
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For more information on Native American Energy Group, Inc. please contact Elite Financial Communications Group at 407-585-1080 or via email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
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