Nexera Energy Inc. reported that the Huebinger E1 well has averaged 26 barrels of oil per day during its first six weeks of production. The Company is very encouraged by these initial rates. With anticipated first year production of 8,700 barrels, the well is expected to pay out in approximately seven months. Additionally, the Company has now successfully drilled the second well on the Huebinger lease, Huebinger E2. The well has been completed in the Buda formation, and will be on production this week. The Huebinger E1 and E2 wells were drilled on the Company?s Wooden Horse property and represent the latest vertical wells drilled at Wooden Horse. At approximately 2,600? deep, the wells can be drilled and put on production economically and quickly, and with the recent results at E1 and E2, the Company as now identified five new locations for future drilling.