Drilling results for the well at the Laurel Valley exploration prospect in Blocks 14/28a, 14/29b and 14/23 (part) indicated that there are no commercial quantities of hydrocarbons present. The well was plugged and abandoned in April 2007.

The exploration well reached a total depth of 8,655 feet. The well was targeting oil in the Lower Cretaceous, Upper Jurassic Birch and Upper Jurassic Piper sands.  Oilexco paid 75% of the drilling costs to earn a 45% equity interest in the blocks.