Our Joffre well has been in continuous production since installation of a hydraulic pumping unit in the summer of 2016. Successful continuous oil production is an encouraging result that supports our initial evaluation of the Joffre project.
Tanager has moved into the US oil and gas market with an asset purchase for a 50% interest in certain lease holdings, including well lease holdings, and a 50% participation right in a 200,000 acre (312.5 square mile) block in Polk County and Tyler County, Texas. Prospective formations include the Eagleford, Woodbine and Yegua sandstones. We are pleased that preparations for drilling our first Yegua well have commenced. For more information about the status of these projects, please refer to our News Releases.