Now that Emerald has 100% interest in the RJ Hunter well they are not constrained by Noble Energy, and want to go ahead as fast as possible and complete it as a produucing well. Noble has run 3D siesmic over NW Alice and the results have been interpreted. Emerald will share in a further 3 appraisal/producer wells with a 14% interest.
At last Emerald are getting on with NW Alice after what has been a very frustrating delay for all of us.
Revenue is now earned daily from the producing wells in Appalachians, and Henry Hub gas price is improving and looks likely to reach $6 in early 2010.
Allup, 2010 is going to be the year when Emerald gets on its feet again.
Ann: 100% Interest Acquired In NW Alice Well , page-10
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