June 19, 2013: Vancouver, BC – Goldeneye Resources Corp. (TSXV: GOE) (the “Company” or “Goldeneye”) is pleased to provide the following update on its Keyes Dome light oil appraisal and development project in Cimarron County, Oklahoma.
The Company has successfully finished the re-entry and drilling phase for the Jenkin’s Well, and completion operations will now commence.
Oil shows in the water base drilling fluid have reported back to surface during the re-entry and drilling phase. The borehole was cased to 4,885 ft and subsequent completion operations will extend the borehole an additional 135 ft into the St. Louis porosity zones. Keyes Dome oil bearing formations are under pressured and require unconventional completion/drilling techniques. The underbalance drilling operations will utilize an oil based drilling fluid.
The St. Louis porosity zones will be swab tested. Based on the swab test results, the Company will determine whether to produce from the St Louis porosity zone or extend the wellbore an additional 160 feet through to the next targeted zone, the upper Spergen porosity zone.
John A Reeves Jr., CEO commented: “We look forward to reporting swab test results in the coming weeks.”
About Goldeneye Resources Corp.:
Goldeneye Resources Corp. is an emerging junior resource company focused on rapid growth and sustainable production based cash flow for shareholders. The Company recently acquired the Keyes Dome Project in the Oklahoma’s panhandle.
The Company commissioned and received an independent Reserves and Resources Evaluation Report prepared in accordance with NI 51-101 prepared by Gustavson Associates (Boulder, CO) in January 2013.
ON BEHALF OF THE BOARD
John A Reeves Jr, CEO
We seek safe harbor.
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