AZZ 0.00% $7.50 antares energy limited

Ann: Trading Halt , page-26

  1. 784 Posts.
    My mistake it appears in previous Quarterly.($10M from notes)

    Another point of interest from this quarterly is the brief mention of the "Cline" shale.

    "Cozart 11 No. 1 was successfully fracture stimulated from the Jo Mill to the Woodford Shale reservoir intervals with the emplacement of over 200,000 lbs sand per stage in the Wolfcamp. The Wolfcamp reservoir sections are the thickest of all Antares’ project areas with average Wolfcamp A, B, and D (Cline) thicknesses of 240, 230, and 350 feet respectively (Fig. 5). The well is pumping to tanks with 49% of fracture fluids recovered and a strengthening gas blow. Initial stable production rates will be the subject of future announcements."

    The "Cline" spreads to the NE from and including Northern Star and I think Big star.

    Very Interesting outlook for the Cline shale which is the lower shales.
    Bigger than Brakken & Eagleford shales according to the industry watchers & Gurus.

    Cheers IFINO

 
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