multibagger stocks - which ones?, page-8

  1. 13,252 Posts.
    BCC, production gas to flow within the next week. November drilling of a brown field oil tenement neighbouring tenement has 11 out of 12 success rate flowing around 750+. Interesting story .045 cents the first hole where they will drill was drilled in the 1940's but didn't have the tech to deal with gas here is the piece of info with the historical data.



    The Company continues to find new data in respect to historical wells drill within the
    Company�fs lease, the new data allows the Company to further refine its development plans.
    The earlier Humble Vick # 1 well drilled in the 1940�fs flowed gas at 10.8 mmcfd over 24 hours
    through a pipe test following significant oil in 3 drill stem tests from 6063 �]6076 feet (Buda
    Formation) that reported oil/mud, no water and 750 feet of clean oil in the drill string.
    Two additional Humble wells (Vick #2 and Johnson #1) drilled at around the same period
    produced oil from the Edwards Formation. Additionally, recent log interpretation indicates
    multiple hydrocarbon bearing zones with over 350 feet of combined potential reservoir
    thickness.
    Of 12 recent wells by adjacent operators there has been only 1 unsuccessful well. The
    Company holds an attractive up�]dip lease position to all recent discoveries . the lease position
 
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