PRE 0.00% 6.0¢ pacrim energy limited

Rodney Foster just hasn't commented at all has he. However, when...

  1. 830 Posts.
    Rodney Foster just hasn't commented at all has he. However, when it comes in I don't think we will be bothered?

    Below is exactly what he has released!

    11 November 2007 only after a price query from the asx!

    In respect of the Company’s ongoing free carried 12.5% interest in the North Sacramento Basin Oil and Gas Project, the partial sale of which was announced on
    14 May 2007, Pacrim has no current intention to deal on this asset. The operator of the project (NEG) has advised the Company that it has commenced drilling at the
    beginning of November a well that is expected to take approximately 60 days to reach its target depth. As noted above, Pacrim hold 12.5% free carried interest to
    development in respect of the well. The Company will advise the market as to results from drilling as they come to hand.

    10 January 2008
    Again a price query from the asx!

    In respect of the Company’s ongoing free carried 12.5% interest in the North Sacramento Basin Oil and Gas Project. The operator of the project (NEG) has advised that it is continuing to drill a well at the Behemoth prospect to target depth following an interruption to the programme as a result of engineering difficulties.
    Pacrim holds a 12.5% free carried interest to development in respect of the well. The Company will advise the market upon receipt of significant results.

    27 March 2008
    Update – US Gas Project - Behemoth Prospect (Worthington 2-8 Well)
    Pacrim Energy Limited hold a 12.5% free carried interest to commercial discovery in US Gas Projects (North Sacramento Basin California). The operator, NEG, has advised the Company that Worthington 2-8 Well reached a total depth of 13,506 ft. Electric logs have identified multiple target zones that warrant testing. Casing was then set to 13,474 ft.
    A further suite of down-hole logs was run inside the casing providing additional supportive information on the target zones. Testing is expected to be carried out during April (subject to test rig availability).

    23 April 2008
    Update – US Gas Project - Behemoth Prospect (Worthington 2-8 Well)
    Pacrim Energy Limited hold a 12.5% free carried interest to commercial discovery in US Gas Projects in the North Sacramento Basin, California.
    The operator, NEG, had previously advised the Company that the Worthington 2-8 well reached a total depth of 13,506 ft. Electric logs have identified multiple target zones that warrant testing. Casing was then set to 13,474 ft.
    Pacrim has been further advised that that the test rig is in place and testing of the objective sandstone target at approximately 13,000 feet is set to commence.
    Depending on results, this could be followed sequentially by the testing of up to six further zones. The program is expected to take several weeks. Further information will be released as it becomes available.

    Well thats it! He really hasn't wanted to talk about it at all, even from the start. The ASX basically had to promt him for the first 2! And the last just repeats the 3rd. I really do wonder sometimes.......
 
watchlist Created with Sketch. Add PRE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.