Mayan Energy said it has started its work-over and well stimulation programme at Forest Hill in Texas, of which it owns a 70% working interest and 52.5% net revenue interest.
The programme is focused on bringing three wells online before the end of November following the successful initial flow of 21 barrels of oil per day on the first well.
A work-over rig is now onsite and will begin production stimulation procedures today, Mayan said.
Initial results are expected next week.
"The strong initial performance of the first well underlines the potential of Forest Hill and with the recovery in the oil price and the resultant increased margin, I am looking forward to reporting regularly as we complete the stimulation operations," managing director Eddie Gonzalez said.
At 10:04am: (LON:MYN) Mayan Energy Limited Ord Npv Di share price was +0.02p at 0.35p