Looks like someones been Christmas shopping! Already drilling:
"The Board is pleased to advise that it has entered into a Participation Agreement to acquire a 5.25% working interest in the Grizzly Prospect which covers an area of 615 net acres in Cameron Parish, Louisiana and operated by Petrodome Operating LLC.
The well is already drilling and is presently at 9,700ft and is being drilled under a turnkey drilling contract with Drilling Risk Management Incorporated.
- Acquisition of 5.25% WI in Grizzly Prospect
- High Impact Project targeting up to 100 BCFG and 2 MMBC (mid case 45 BCF and 914 MBC)
- Well is presently at 9,700ft and drilling to 13,530ft"
Also has a useful timeline at the bottom of the announcement:
Drill/Testing Program Date P50 Oil P50 Gas
Abita December 2011 (production to
commence)
350-700 MBO 8 BCF
Lyons Point Drilling (at 14,750ft, first pay 15,500ft) 3-4 MMBO 60-80 BCF
Grizzly Prospect Drilling (at 9,700ft, first pay 11,100ft) 1-2 MMBO 50-100 BCF
West Klondike December 2011 2-4.8 MMBO 6-17 BCF
Leduc Reef Dec 11/ Jan 12 1.2-12 MMBO -
Vermillion Dec 11/ Jan 12 3.3-5.5 MMBC 110-185 BCF
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- and another new well!
and another new well!
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