SAE 3.45% 14.0¢ salinas energy limited

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  1. 11,721 Posts.
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    From Ivanhoe's quarterly, last night:

    North Yowlumne - In December 2005, drilling commenced on the North Yowlumne prospect to a total depth of 13,000 feet to test the Stevens Sand which has produced over 110 million barrels of oil in the nearby Yowlumne field. The test program is proceeding from the lowest zone to the highest zone in the well. The lower zones tested a small amount of light 32 degrees and 36 degrees API gravity oil in an initial test program. A production rate has yet to be confirmed, as the operator of the well has experienced a number of mechanical and operational issues, which have significantly delayed the testing. The well is currently undergoing a workover before redeploying a down hole pump and restarting the production test.

    http://biz.yahoo.com/prnews/060809/to442.html?.v=2
 
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