news received, page-35

Sharks on Barr.

“ TB added that he believes the market hasn’t yet fully digested the importance of the results from Australia 11 so far.”

Australia Day 2012 may now provoke a sense of déjà vu for many of us.

Australia Day 2011 celebrated the announcement of the “3 Party Participation Agreement”

Aus 11 is almost assured to be commercial.
It will then commence the de-risking of Fort Peck.

Aus 11 and sequentially ( & provisionally ) Gretel 11 will then provide a geological, financial and logistical platform for the exponential process of unlocking the potentially huge commercial value of this field in which we have a large play.

Fort Peck may well be our company maker.

The importance of this region in providing oil production, income, royalties, asset backing and market confidence will then hopefully lift, stabilize and consolidate our SP.
Maybe this course of events has evolved to Tel’s realization which may now evoke different regional and exploration priorities.


Everett should in theory follow our other revenue earning North Stockyard Field wells in its average statistical oil production to enable the part finance of Fort Peck.
Our community program has apparently impressed FPEC and our commercial relationship with them has been deliberately and methodically placed beyond risk.

Its analogous to HRH giving us her Crown Jewels and asking politely if she may wear them to the ceremony to knight Terence from the West.


I believe Fort Peck has become the region to concentrate on and the accompanying drilling program to be accelerated within given practical restraints.


The Defender is free carried and HAL keeps on paying up front for all modifications including the latest pump installment - maybe they keep catching a glimpse of Tel wearing a Tiara and he has promised to share his ‘Bling’ with them.

SOA is simmering.
The 3D didn’t reveal information about the tight Muddy J Formation to initiate this frac as part of the original plan.
More information has been gained for future use and exploration once the fundamentals of SSN are again restored by consistent and marketable oil production.
“SOA remains a priority. A construction and revised engineering plan to drill counteracting the salt and mobile shale will be considered in the 2012 1st QTR ”

Re : Where is Sandy's ?

Unfortunately Sandy's has had to go back to work, and couldn’t get a job in HR.

He had convinced Enid the Tea Lady to form their own Company – ‘Fraccing R Us’.
Enid has just clocked Tel in his Tiara and told Sandy's that all Fraccing is off.


Just a reminder folks that the forecast today in Wyoming -4*C Montana -10* C N.Dakota -8 *C


p.s. Dr – you do. I will be buying all the beers. Champers for me.

; )


cheers and beers

netstockings