Unfortunately I'll be unable to attend Mondays meeting.
I'm sure they'll have proxies from the big holders to make sure the new Directors get their options and the ODY deal is done. I certainly hope it goes through without problem.
If anyone attending gets a chance to ask some questions, it would be good to clear a few things up.
There was no mention of more drilling in the July 31 activities report, yet 13 days later we had a capital raising to finance the drilling of more wells. With this new direction, does it mean they no longer hope to get the IRR and implement the GS strategy by the end of this Quarter (Sept 30)?
The new Oman 10-19 does not get a mention on the Utah Oil & Gas site, yet they show Oman 10-29 as having spudded. This well is in the same location as I guessed would be their next target in an earlier post. Was this a typo?
I assume oman 3-32 & oman 7-19 will be the next 2?
http://oilgas.ogm.utah.gov/Data_Center/LiveData_Search/wellfile_data_lookup.cfm
you can search on Oman as well name or marion in the operator field and download the associated files.
Also why are they dragging their feet fraccing 8-19? This was going to be the star well having been drilled within 1/2 mile of a previous well that produced 20bcf. It was drilled before 1-30 which was fracced ages ago.
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