Highlights from broadcast
Anticipates 2-3 months (from now) and then they hope to be generating income from the well.
ASPI 40 lite sweet crude will sell at Tapis ( $140 pb)
They have a min period of 6 weeks in the contract to decide if (and how to) drill a second well.
Some think that this is a good opportunity to drill a second well and create more income.
Will assist in getting the SPP over the line.
Income from the well (400 bls or $300,000 per week)
2nd well would double this possibly $2 mil to assist with cash flow requirments
CB
highlights from broadcast
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