Trophy Resources Looks To Expand Field Operations

Carlsbad, CA — Trophy Resources, Inc. continues solid progress on their strategic plan in Texas while beginning a campaign to seek new opportunities and prospects in the Southwestern U.S., according to the company.

"Our initial well appears to be cleaning up as production has increase by close to 50% (to approximately 20 Bbl/day) in the last 45 days," said Eric Leonetti, Trophy COO, adding, "the storage farm on this site has several 400 barrel capacity tanks; there is currently just over 300 barrels in storage that will be picked in the next couple of days."

Based on availability Trophy field operations hopes to have a pulling unit back on the site of their newly drilled well this week. Having conferred with the geologic and engineering experts as to the (multiple) perforation points they hope put this well on line by the end of the month.

As to other projects, based on what they have learned from the recent drilling program Trophy is currently exploring new potential opportunities in both oil and gas in proximity to their existing leases while continuing forward with the rework and reentry program. "We are reviewing logs from available leases in the area to locate other prospects that resemble our findings with the hope of being able to increase our holdings in this area while also entertaining and researching new but economically viable projects in similarly attractive areas," said Mr. Leonetti.

SOURCE: Trophy Resources, Inc.