Loyz Energy

Loyz Energy: Draws first oil in North Dakota and Colorado, US, one year after inking its landmark E&P deal. Initial flow tests indicate varying flow rates up to 50 barrels per day at the Schlak #3 well in North Dakota, while in Colorado, group is awaiting flow tests results at the Mansur 33-1-N and 33-1-L well, which indicated potential pay intervals of up to 90 feet in each well. The deal provides the group with a 20% share of net revenue interest for each producing well in the 60,000 acres plains.