Equitorial Exploration Corp. and Cardiff Energy Corp. announced that Martin Energies, operator of the Clayton #1H reported that they have completed the lateral drilling of the Clayton #1H and will be commencing completion activities shortly.

The lateral was drilled to 7,100 feet with no issues, and encountered numerous gas kicks and oil shows from the Gardner zone. The next steps involve equipment being released and the site being prepared to allow completion activities to commence later this week. In addition, follow up drill sites are being selected for the company's drilling program and negotiations continue for the acquisition of prime oil and gas leases in Runnels County, Texas.