Octagon 88 Resources, Inc. announce the first primary production well DH 9-4-92-23-W5 on the Elkton formation's erosional edge has been successfully spudded and currently drilling. The well is located in the Peace River Block of NW Alberta. The Manning Projects Operator reports: The Elkton well was successfully spudded at 16:00 October 9, 2013 MST time; Drilling has commenced and will continue on the vertical leg targeting total depth of 480 meters; The complete Elkton pay zone will be cored with the core samples sent from the site to AGAT Labs.

Post Coring and testing the horizontal leg will be kicked off; Geologically Unique - Elkton Erosional Edge: 1.05 billion barrels PIIP (third-party validated); 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.