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Xfuels Inc. Subsidiary Cycle Energy Services Purchases Drilling Rig - Xfuels to Begin New Drilling Programs


Xfuels Inc. Subsidiary Cycle Energy Services Purchases Drilling Rig - Xfuels to Begin New Drilling Programs
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The rig, a Failing 3500 Telescopic Double which is capable of drilling both vertical and horizontal wells up to 3200 meters approximately 10,000 Feet will be the centerpiece of Cycle Energy Services fleet. The rig is in tremendous shape, has very low hours and has drilled approximately 50 wells prior to being racked. The rig is also capable of being upgraded to a maximum drill depth of 5000 meters approximately 16,000 feet. ....

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