Source: Eagle Oil
Eagle Oil Holding Company, Inc. (OTC: EGOH) today announced that it has received confirmation that Questus Energy LLC ("Questus") its Farmout Agreement partner, will be commencing field development.
Questus will begin the reconditioning of the electrical grid that had been damaged in past Texas wild fires, and will also service the compliance requirements of the Texas Rail Road Commission that held up production in the past.
The Agreement allows Questus to perform operations under the Texas P4 and P6 "operators' permission" to restore pumping. The electrical restoration may take up to a week to conclude, but pumping can begin immediately upon completion.