Fact Rundown:
Well One:
The first well (see below) is testing the Big Hum and Operc Sands with an amplitude
anomaly targeting 1.2 MMBO and 3 BCF gas. If the well is successful initial flow rates are expected to be around the
200+ barrels of oil per day and 1,000 MCF per day. Total dry hole costs are estimated at US$800,000.
Well Two:
300,000 barrels of oil and 1.2 BCF of gas. If the well is successful initial flow rates are expected to be around the
200+ barrels of oil per day and 500 MCF per day. Total dry hole costs are estimated at US$700,000.
Well Three:
The third well is testing a primary objective in the Big Hum sand with 5 BCF classified as a PUD and targeting further
exploration upside objectives in the Tex W of 100,000 barrels oil. If the well is successful initial flow rates are
expected to be around the 5,000 MCF per day and 100+ barrels of oil per day. Total dry hole costs are estimated at US$800,000
Craig Ian Burton (look him up if u dont know him) Added as a major Shareholer with 119,644,228 or 12.7% recently
Director Buying - extra 4mil shares in March
Spud date - 3 weeks or there abouts!
Please add more as this is brief but good for ppl wanting more info to get on the good Spec stock for the upcoming drilling programme.
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