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Last updated on April 18, 2014 at 13:38 EDT

Latest Citadel Exploration Inc. Stories

2013-05-30 08:23:28

Company's first delineation well to follow immediately on the same Pastoria Creek block. NEWPORT BEACH, Calif., May 30, 2013 /PRNewswire/ -- Citadel Exploration, Inc. (OTCBB: COIL) is pleased to announce that it has completed the Pastoria Creek 3-2 well, the company's second exploration well. This well will be tested and put on production as soon as possible. Based on data obtained from the drilling of this well, the rig will now move to a follow-up location. This new...

2013-05-15 08:24:14

Company's first exploratory well undergoing completion. NEWPORT BEACH, Calif., May 15, 2013 /PRNewswire/ -- Citadel Exploration, Inc. (OTCBB: COIL) ("Citadel") is pleased to announce it has achieved initial success on its first well, the North Tejon Ranch 1-19. The well encountered the targeted oil sand and is currently undergoing completion. Testing of the 1-19 will commence in the coming weeks. The drilling rig will now move a few miles southeast to Citadel's next...

2013-05-03 08:22:18

Company commences operations on its first prospect while expanding portfolio. NEWPORT BEACH, Calif., May 3, 2013 /PRNewswire/ -- Citadel Exploration, Inc. (OTCBB: COIL) ("Citadel") is pleased to announce drilling has commenced at Rancho Grande. This milestone marks the first drilling since the company's founding in 2011. Citadel has executed an agreement with Sojitz Energy Ventures (Rancho Grande operator) for participation on two exploratory wells at Rancho Grande. Under terms of...

2013-02-05 08:24:43

NEWPORT BEACH, Calif., Feb. 5, 2013 /PRNewswire/ -- Citadel Exploration, Inc. (OTCBB: COIL) ("Citadel") announced today that it raised $1.39 million through a private placement of 4,086,000 shares of its common stock at a price of $0.34 per share. No commissions were paid in connection with the private placement. Gross proceeds to the Company will be approximately $1.39 million. The proceeds from the private placement will be used to fund exploration and development of Citadel's Rancho...