Petro River Oil Corp. announced the discovery of a new oil field, the North Blackland Field, in its 106,500 acre concession in Osage County, OK following the successful testing of the 2-34 exploration well. The 2-34 well was spud April 15, 2018 and was drilled to a depth of approximately 2,850 feet. Initial results indicate both Mississippian Chat and Burgess formations were discovered and have been comingled to increase production rates. The initial 30-day production rate, or IP rate, was 155 barrels of oil per day. The North Blackland Field is approx. 200 acres, and the Company expects to drill an additional 8 to 10 wells to develop the structure. This discovery continues to validate the Company’s use of 3D seismic technology to identify oil structures that were overlooked in historically prolific areas.