2014-03-17 14:04:27 -
Vancouver, British Columbia CANADA, March 17, 2014 /FSC/ - Delta Oil & Gas Inc (DLTA - OTCBB), is pleased to report that the recently drilled Donner #4 well, located in Newton County, Texas, has been completed as a gas producer. The well was recently drilled to a total depth of 7510 feet at which time logs were run and interpreted. The well has been initially completed in the 7400 Struma sand. The Struma sand is a known gas producer and has produced prolifically elsewhere in the Field.
Following a short term successful gas to surface test, the well was shut in pending the installation of surface facilities necessary for gas sales. Equipment for production was ordered and is expected to
arrive next week at which time the well will be opened for sales. The Company will advise of the flow rates once the equipment has arrived and the well is opened. The well will be operated by Hillcrest Resources Ltd. (HRH:CA).
Delta's CEO, Christopher Paton-Gay, commented that "we continue to deliver great value to the shareholders of the company, and will work diligently to acquire and produce additional oil and gas opportunities"
About Delta Oil and Gas
Delta Oil is an exploration and production company focused on developing North American oil and natural gas reserves. Delta Oil's current focus is on the exploration of its land portfolio comprised of working interests in Newton County, Texas, South Central, Oklahoma, and the North Sacramento Basin, California.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN, President
Contact: Investor Relations at 1.866.355.3644
Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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Source: Delta Oil & Gas Inc. (OTCBB: DLTA) www.deltaoilandgas.com
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