From the "Operations Update - Outlook 2008", 18.1.2008:
"[...] Two of the wells, Golden 33-20 and Apache 33-20B will be drilled from the same pad. Both wells are targeting seismic anomalies assoiciated with zones of fracturing in the shales of the Pierre Formation with one (remark: Golden 33-20) also testing anticipated fractures within the Niobrara. The fractures provide the storage and flow path for the produced oil. Each well is targeting around 200,000 barrels of oil. [...]"
The location of the Rainbow 23-20 well is adjacent to the Apache/Golden drilling pad. COIs drilling activities are coming back soon.
COI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)