J3 Kirkella property

Based on recommendations from its geologists, geophysicists, and engineers, who consider J3 to be a high reward target, Petro One intends to drill a minimum of one vertical well on its J3 property at Kirkella, Manitoba. The site has been surveyed, and licensing is underway in preparation for drilling.Interpretation by an independent geophysical company indicates favorable structure and porosity development in the Cruickshank Crinoidal beds, updip of a vertical well in the Kirkella field with a 3 month IP of 251.3 bopd. Two vertical wells in the same area with commingled Lodgepole-Bakken production have demonstrated that the Bakken is a potential secondary target. The new well is planned to test both formations.