The US-focused player started drilling the vertical well over the weekend.
Joint venture partner World Oil Resources announced the spudding of the well on Monday, stating it expected the well to take seven to ten days to complete.
The planned well depth is 3450 feet and is located near the Klick East oilfield in Oklahoma.
CMX is the operator of the project with joint venture partner World Oil.
Under the agreement, each company has a 50% net working interest in leases covering the Welch-Bornholdt and Wherry oilfields.
The well has been designed to test the oil production potential in the area of the project.
After the drilling of the well, the joint venture will look at similar locations if commercial oil production can be established in...
