amazon or aran - oh well drat anyway

  1. 8,262 Posts.
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    If Geogypsy is correct in his claim that Caza identifies the "Amazon" prospect as Arran (and I have no reason to doubt that he is correct) then I have just come across another disappointment.

    For some time we have been told that the Amazon prospect was to be spudded in mid July and I have been getting goosebumps in anticipation !

    All to no avail I fear if the latest comment that I have stumbled across is correct and again I have no specific reason to doubt it.

    Have been reading an announcement on the Caza site and found these comments.
    "As previously announced, Pass Petroleum, Inc. ("Pass") has farmed in to the Company's Arran prospect. Pass is to fund 100% of the initial appraisal costs attributable to Caza's 50% working interest in the prospect to earn a 37.5% participation interest with Caza maintaining 12.5% in the first and subsequent wells. Preparatory activities are progressing well, and Caza is on track to commence drilling operations in September 2010."
    Then there is a quoted comment from Mike Ford (Caza CEO)
    ""Additionally, we have some exciting projects underway. We are pleased with the drilling progress of the O.B. Ranch #1 well and look forward to drilling the Arran prospect in September 2010, and the Windham prospect, which we also anticipate being commenced in September with Devon as operator.""

    Hmmmm. So it looks as though it is going to be a few months before confirmation of a spud, don't you think ?



 
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