Brooksville, FL, Nov. 20, 2017 (GLOBE NEWSWIRE) -- NHPI Acquires Two Leases in Fort Worth Basin
FORT WORTH, TX--Neuro-Hitech, Inc. (OTC Pink: NHPI) is pleased to announce they have purchased two leases in the Heart of the Ft. Worth Basin in Texas. The M.V. Keller Lease A. and the M.V. Keller Lease B. are contiguous and total roughly 153 acres in Young County, Texas
NHPI is also pleased to announce they started reworking the first well, and have already started producing oil. There are currently 10 wells on these leases that have to be reworked and brought back online.
The Company has also identified 15 shallow drilling locations 1,000 to 2,000 feet and 4 deeper drilling locations 3,800 to 5,400 feet.
Mr. Thomas, President of NHPI, stated, "We are extremely ecstatic that we have begun producing oil so quickly. As we finish a few of the reworks we will have a better idea of what daily production will be. We are on course for the Company's goals of producing a minimum of 500 barrels of oil per a day."