re: Ann: New joint participation group for MR...
ok, so, after re-reading it I like it. ~$500k tpd cost in first well.
assuming success and execution of the option, then 33% of remaining 3600 acres to terrace and 16% to Aschere leaving TLD with ~50% of the remaining 3600 acres.
Also filling the coffers with +$2mill in the process.
With spud to be before end of June.
I'd love to get ~200bbl per day out of Bonner....that would cap it off.
TPD Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held