First Colombia Gold Corp. announced that the company hit oil while drilling a new well and plans to bring the well into full production on one of their oil and gas leases located in Clinton County, Kentucky. Earlier in the month the company performed what is known as a squeeze job on one their new drilling sites located in Clinton County, Kentucky.

This process is used to shut off the water supply from a particular zone when the water is interfering with oil production. After allowing 2 weeks for the squeeze job to set up, crews were moved back on location on November 10, 2014 and reentered the well and drilled out the cement plug from the squeeze job. Upon inspection, crews discovered that the plug had successfully shut off 50% of the water.

The crew then drilled down and discovered oil at 848 feet. On November 17, 2014 FCGD began the completion of the first drilling site. The company is currently evaluating the percentage of oil versus water being produced from the well and plans to run rods and place a pump jack and motor on the well.

A tank battery will also be constructed to hold the accumulated oil production until the transportation of oil to the refinery is scheduled.