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Powder River Basin Gas Corp. (OTCBB:PRVB), Denver, has announced that Schlumberger Oilfield Services (NYSE:SLB) drill logs confirmed a 20 foot zone at a depth of 600 feet with good porosity on its Grande #1 exploration well in Converse County, Wyoming 50 miles east of Casper. The Grande #1 well has a gas- bearing reservoir below the White River Sand in the Dakota/Lakota Formation.
Company Chairman Greg Smith said, "We are extremely excited with these preliminary results and the potential of other developments in this field with our joint venture partner, LZT Properties, LLC. Already, various sources indicate a...