Colorado Utah Natural Gas Completes Drilling 2 Wells
Posted on: Thursday, 1 September 2005, 18:00 CDT
Colorado Utah Natural Gas Inc. said Wednesday it has completed the drilling of two wells on its Grand County prospect and is drilling its third.
The company said the first two wells confirmed the discovery of oil and natural gas. It said the wells will be in production by the first week of September.
The company, which has leases in Grand and Uintah counties, said it plans an initial public offering this year to fund its future development plans.
Source: Deseret News (Salt Lake City)
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