Date: 1 July, 2008 Project: Anadarko Basin Horizontal Drilling Programme Location: Ellis County, Oklahoma Well: Brearley 1H�]11 Spud Date: 8 June, 2008 Exoma Working Interest: 25.87% (free carried) Operator: Crusader Energy Group LLC. Objective: 1.5 BCF gas and 50,000 barrels of oil Total Vertical Depth (TVD): 8,600 feet Total Measured Depth (TMD): 13,500 feet Current Measured Depth: 9,566 feet Progress: The casing shoe was set at 8,981 feet and the well is drilling ahead at a measured depth of 9,566 feet in the Cleveland Formation with increasing gas shows from mudlogs. The Operator is drilling approximately 200�]300 feet horizontally per day and should reach Total Measured Depth in 10�]14 days. Drilling updates will be reported every Wednesday in accordance with ASX Listing Rule 3.1
EXE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
