February 6, 2017 / 3:53 PM / 6 months ago

BRIEF-FREEDOM OIL AND GAS LTD SIGNS CONTRACT WITH PATTERSON-UTI DRILLING COMPANY

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Feb 6 (Reuters) - Freedom Oil And Gas Ltd :

* PRESS RELEASE - FREEDOM CONTRACTS WITH PATTERSON-UTI DRILLING FOR HORIZONTAL DRILLING PROGRAM IN EAGLE FORD SHALE

* FREEDOM OIL AND GAS LTD SAYS SIGNING OF A CONTRACT WITH PATTERSON-UTI DRILLING COMPANY FOR DRILLING OF TWO WELLS IN EAGLE FORD SHALE

* FREEDOM OIL AND GAS LTD- ESTIMATES INITIAL WELL COST OF ABOUT $5 MILLION SHOULD DECLINE TO AROUND $4 MILLION PER WELL ONCE FULL DEVELOPMENT PROGRAM IS UNDERWAY

* FREEDOM OIL AND GAS - PATTERSON RIG IS CURRENTLY DRILLING ABOUT 50 MILES FROM CO'S ACREAGE, IS EXPECTED TO MOBILIZE TO FIRST CO'S DRILLING LOCATION IN APRIL Source text for Eikon: Further company coverage:

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