good pick up sheriff.
Also note the well is at 14050' out of 17750' - they've already drilled half of the 7,500' horizontal section...two things from this:The MC of this co should be a lot higher than it is at present. Once we get production figures for the last quarter, and this well completed, we will be closer to $200M-$250M
- their rate of progress is pretty good, bar any mishaps, they'll be finished in a few days.
- the extensive oil and rich gas shows have been observed in half of the targeted formation.
Ann: Rangers Well Operations Report, page-24
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