oil strike, page-24

Hi Dutchy.

The oil was discovered deep in the coniferous zone.
It is about 3-4m deep.
The main question is hold long is the zone,which we will see very soon.
It could hold 50m barrells,or 5million barrels,or 500t barrells
When you look at a the 3d seismic on the park city region you will see there is about for different layers of formation,the coniferous is the lowest depth so there is a chance that all the wells that they drill (20 in total) will discover oil,which would be very significant.
The gas flow rate are extremely strong and I would guess that this well will produce around 1.5-2mill revenue for the company per annum.

The oil is significant but remember this is a gas play and all the infrastructure is very close to wells(oil infrastructure is not.

I am very happy with this announcement as is show that there is huge potential in Park city as drill holes are very tightly spaced as required for development

I hold over 1m shares and have not sold one