reserves, page-9

hi nazzy, personally think management have made all the right moves so far.

we have a few things on our plate at the moment, the most pressing being the work on wells to include in the reserve upgrade.

with most of the recent wells being on 640 acre spacing this will hold the land by production, very important, not much point drilling 8 wells in 1 640 block and be left with the possibility of losing some of acreage. of course along with this comes a greater increase in infrastructure and related costs.

will try and dig up an article i found recently, another company in the woodford shale was doing the same thing, drilling on 640 acre spacing and on their announcements they showed the % of land now held by production.

we currently have over 30 wells to be tied in to production, once this is completed, i imagine the number of wells drilled will increase rapidly with the knowledge that they will be tied in alot quicker than previously due to existing infrastructure.