FORT WORTH, TX--(Marketwired - Mar 13, 2014) - Neuro-Hitech, Inc. (OTC Pink: NHPI) (PINKSHEETS: NHPI), The Company, is pleased to announce we have completed reworking an additional two wells and have turned them on and they are producing. The Company has now reworked a total of four wells on the leases and currently has eight wells on the M.V.Keller Leases producing. The current reworks are all shallow wells that are producing out of the Gunsight Formation. The Gunsight formation runs across the lease and is located less than 2,000 feet from the surface. The M.V. Keller Lease A. and the M.V. Keller Lease B. are contiguous and total roughly 153 acres in Young County, Texas.
All of the lease roads been resurfaced allowing for all weather access. The electrical has been examined additional lines have been run and either repaired, and or replaced.
The Company has also repaired the existing tank batteries and added two new tank batteries on the lease to hold current production and to allow for additional production as it comes on board.
"We are very excited about the success of our first lease. We should see additional production as we continue to work over additional wells on the lease and begin drilling at deeper depths in the near future," stated Mr. Thomas, President of NHPI.
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