drilling now

If they get the oil, this will move very quickly.
From today's announcement
cheers
omg


The directors of Comet Ridge Limited are pleased to provide the following operational update:

ROCKY MOUNTAINS

Tow Creek, Routt County, Colorado (Comet Ridge Operator with 37.5%)

Drilling operations on the Coal View Unit 31-4 sidetrack commenced on 8 August. The open
hole part of original hole below 4,795 feet (1,461.5m) has been successfully plugged with a
service rig and the wellbore is ready for the sidetrack operation. Badger Drilling Rig #2 has
moved onto location and is being rigged up. Drilling operations are due to commence late
Wednesday – early Thursday (Denver time). The operation is expected to take less than 10
days with only the last 1,800 feet (550m) needing to be re-drilled.

The original CVU 31-4 well was drilled in the winter of 2006. Oil and gas shows were
encountered across the target Niobrara Formation and wire line logs revealed the section to be
moderately to heavily fractured (the fractures provide the storage mechanism and the flow path
for the oil and gas). During an attempt to complete the zone for production a work string
became irretrievably stuck. Despite the drill bit and 30 feet (10m) of drill pipe being lodged in
the wellbore, oil and gas were circulated out of the hole during the fishing operation.

The re-drill is targeting 200,000 to 500,000 barrels of recoverable oil on the southeastern flank
of the large Tow Creek anticline and is an important calibration test for the prospect and the
overall exploration concept the Company is evaluating.
Pacific Northwest & Rocky
Mountain projects.
Comet Ridge is also advancing a
number of key projects in Australia.
USA
Pacific Northwest
• Grays Harbor (COI: 100%)
• Cedar Creek/Vader (40%)
Rocky Mountains
• Tow Creek (37.5%)
• Bear River (33.75%)
• Florence (39%)
AUSTRALIA
Queensland
• Mahalo (40%)
• Galilee Basin (100%)
New South Wales