any hope left?, page-2

Absolutly

North stockyard - money for jam play. Only downside is we arn't able to drill the infills sooner. Three forks potential unknown. Long term success assured.

Defender - Jet pump out, clean out lateral and drop in another rod pump. There is oil down there, we are trying very hard to get it out. It's called field development.


SOA #2 - Production test has been completed using a swabbing unit, not a pump, so it's difficult to draw conclusions. Frac in 3 weeks. Oil is good quality. First test of the Permian in this area, so again it's initial field development and a slow process.


Aus II - oil production is reasonable considering the unknown status of the frac job.

Gretel II - no idea about this well. Early indications during drilling where good, but it seems to be taking a long time to remove bulk of frac water. Fault zone mentioned for the first time in last announcement. Status unknown.



Bottom line, take away the emotion and what you have is a small company trying to develop 2 untested areas with 4 development wells. How long your prepared to wait for final results is up to you.

OMR