time to smile., page-15

Freeprom, see below research done by Patersons released on the 9th September, notice they think it is a 50% interest after payback of well. Also see our seller still around with a 500k sale going through at .395 May have to wait a bit longer before they are gone.

AZZ has today announced that the Donnell-457 No. 1H in the Hawkville Term Assignment area has been brought into production, achieving an IP of 563boped and 3,628mscf/d (1168boepd), which is well above the mid-case assumed IP of 484boepd. We eagerly await further production and decline data from this latest well, which will likely be a dramatic improvement on results to date, given the learning curve and Petro hawks expertise. AZZ also announced Petrohawk has commenced drilling of the second well in the area, the FD-1H with a planned horizontal length of ~8,000ft. While the details of the agreement over this area are confidential, it is believed that Petrohawk has a right to earn a 50% WI interest in the recovering its drilling costs. The area of 8,558 acres (4,279 net) requires 14 wells to hold it by production and borders the oil and gas/condensate window.