Octagon 88 Resources Inc. announced that the operator has decided to extend the horizontal drilling program by 200m for a total of 900m on the first primary production well DH 9-4-92-23-W5 on the Elkton formation's erosional edge. The well is located in the Peace River Block of NW Alberta. Geologically Unique - Elkton Erosional Edge: 1.05 billion barrels PIIP.

Primary recovery of oil in the Elkton Erosional Edge with 8% to 14% recovery rate with staged and scalable 5,000 bbl/d to 10,000 bbl/d projects. To be followed up with infill drilling and then subsequent pressure maintenance with and additional 8+% recovery rate for an estimated cumulative 200 million barrels. Recoverable peak production exceeding 30,000 bbl/d. Enhanced Oil Recovery (EOR) exploitation targeting an additional 10% to 20% recovery rate with proven EOR technologies.