highlights from broadcast

Highlights from broadcast


Anticipates 2-3 months (from now) and then they hope to be generating income from the well.

ASPI 40 lite sweet crude will sell at Tapis ( $140 pb)

They have a min period of 6 weeks in the contract to decide if (and how to) drill a second well.

Some think that this is a good opportunity to drill a second well and create more income.

Will assist in getting the SPP over the line.

Income from the well (400 bls or $300,000 per week)

2nd well would double this possibly $2 mil to assist with cash flow requirments

CB