Wedgemount Resources Corp. announced that it has commenced its phase-one field program on its recently acquired Willowbend light oil project located in the Permian Basin of central Texas. The initial program includes chemical clean-outs of both operating wells and the producing Gardner formation, optimization of surface facilities, and a study of historic bypassed pay zones.

Chemical treatments on the initial three wells have been completed and production tests have commenced. The Company anticipates results of the well tests in approximately two weeks. The second phase of chemical treatments will take place in mid-February.

The chemicals used in the well and formation cleanouts are designed to break down naturally occurring paraffin and asphaltenes which reduce well and formation productivity. Operations are being carried out by Wedgemount's partner, Petrosaurus who have an established track record of optimizing wells with chemical treatments in central and south Texas.