Asked Mr.Toby via e-mail today if any major problems with the caprock drill. Didn`t ask for his permission to publish reply so won`t quote verbatim.
Suffice to say that the well is fully under control with no environmental issues.Drilling has been slowed by a number of factors,including weather and access issues (whether that is physical or legal access problems I don`t know) and the interim hospitalisation of the lead driller as a result of medical issues unrelated to the drill.
Really like the way management respond to concerns.
Looking over at Perry Ranch there is only one oil lease there and it was granted to the Caskids operating Company who am guessing owned the seismic :
You can see it`s on trend with the Reese sands on the other side of the river and the 3000 ft depth for the 'high-grade' target co-incides with Reese -2 so this may be where they`re drilling next?
GEV Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
