Stephen, Orchard has discovered Oil and Gas at Southeast Lost Hills. This is our fourth discovery in the last 12 months. We are now designing testing program to test and start production. Will not know the full extent of discovery until we test. However, it looks like we have discoveries in one. A shallow gas zone and deeper oil and gas zones. Will most likely develop each via separate drilling programs. Very good news for Orchard.
San Emidio has yet to be drilled. Hopefully later this year.
Key is we have found oil and gas. Question remaining is how productive will the discovery be (ie how many barrels of oil and cubic feet of gas will it produce).
Hope this helps.
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