Vanguard Energy Corp. (OTCQX: VNGE) has successfully drilled and completed three new oil wells on the Batson Dome field in southeast Texas. The new wells cost approximately $700,000 each and were drilled to a depth of approximately 3,000-4,000 feet.

Exact production rates will vary from well to well because of the nature of the field, which is highly fractured being on top of a salt dome. Also, the wells are producing from pay zones that are different in size and ultimate recovery rates. The company's wells are conventional, vertically drilled ...