Oil and Gas Stock Alert : Osage (OTCBB: OEDV) Prepares Mississippian Drilling Location
Point Roberts, WA. November 9, 2011 (Investorideas.com Energy Newswire) - www.InvestorIdeas.com, a leader in sector research including oil and gas stocks, issues an investor update for Osage Exploration and Development, Inc. (OTCBB: OEDV).
Osage Exploration and Development, Inc is preparing the drilling location area east of the Nemaha Ridge in the Oklahoma horizontal Mississippian play.
Slawson Exploration Company is the Operator of the project and owns 45%, U.S. Energy Development Corporation owns 30%, and Osage Exploration own 25%.
According to the company website, “We have targeted the eastern side of the Nemaha Ridge because the rock quality is excellent, and the Mississippian has not been pressure depleted because of far less historical drilling.”
OSAGE (OTCBB: OEDV) Preparing location for drilling
View pictures of the final preparation of the drilling pad for the first salt water disposal well which directly preceded drilling of the first horizontal in the Nemaha Ridge project
Osage Exploration and Development, Inc. (OTCBB: OEDV) is an independent oil and gas company with operations in the US and South America. The company's current focus is on developing its 12,000 acre Horizontal Mississippian block along the Nemaha Ridge in Logan County, Oklahoma, with their partners Slawson Exploration, and U.S. Energy Development Corp.
Osage's operations in South America include the Guaduas Field and our interest in the Guaduas-La Dorada pipeline in Colombia. We are partners with Pacific Rubiales Energy, the largest Colombian independent oil and gas company, in both of these ventures. Both projects continue to provide cash flow to Osage.
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