The transaction with Pine Ridge Oil & Gas is listed as pending and is expected to close in the near future.
Three wells I have found producing from the Pierre formation are Oilfish #24-30, Triggerfish #22-31 and Swordfish #13-31. These appear on or near the same 2 D seismic and are not far from the Pathfinder wells. These are all Pine Ridge wells.
I have also researched Pine Ridge O/G and have found that is a subsidiary of Comet Ridge Resources LLC. This company is 17.257% Comet Ridge (ASX COI) and 82.743 % Pine Brook Road.
On this note have been through the quarterlies back to 2010 and come up with some production numbers they have stated in these reports for the Florence Field.
USA Comet Ridge Resources LLC (Comet Ridge 17.257%) Comet Ridge Resources finalised production testing of the six newly-drilled wells in the Florence field in Colorado during the quarter, with bottom-hole pressure data obtained to better define individual well deliverability potential. Total oil production for the month of September averaged approximately 1,090 barrels per day from 10 producing wells.
Qtr ended 30/10/10
USA Comet Ridge Resources LLC (Comet Ridge 17.257%) Oil production from the Florence field averaged 750 barrels per day during the quarter. Technical work is continuing to identify additional targets for drilling in 2011.
Qrt 31/12/10
USA Comet Ridge Resources LLC (Comet Ridge 17.257%) Oil production from the Florence field in Colorado was strongly maintained during the quarter, averaging 631 barrels per day. The high Nymex oil price continues to benefit the company with net-back oil prices during March in excess of $95 per barrel, ensuring Florence continues to generate strong cash flow. Technical work during the period centred on permitting, contracting and lease preparation for a Florence six-well drilling programme that commenced just after the end of the quarter and is designed to access high-value oil targets in order to expand oil production capability from the field. Gross company cumulative production from the Florence field passed 300,000 barrels during March.
March Qrt 2011
USA Comet Ridge Resources LLC (Comet Ridge 17.257%) Comet Ridge Resources LLC (CRR) drilled six appraisal wells in the Florence field in Colorado during April and May 2011. Five of those were completed and the field production rate reached a peak rate of 1100 barrels of oil per day (bopd). The increased production and strong oil prices have resulted in significant cash flow to CRR. In May 2011 CRR signed a binding agreement to sell its interest in the Sweet Pea exploration area in the Southern Denver Julesburg Basin, Colorado to an undisclosed buyer for US$28.5 million. This transaction was completed in the first part of June. CRR subsequently distributed a portion of the proceeds from the sale to its two major shareholders in late June. Comet Ridge Limited received a cash payment of approximately US$3.5 million and achieved a milestone as this is the first distribution of funds back to Comet Ridge Limited from the US based business. At the current time, CRR is currently evaluating further oil targets in Florence and preparing to drill a well
June Qrtly 2011
USA Comet Ridge Resources LLC (Comet Ridge 17.257%) During the Quarter, Comet Ridge Resources LLC (CRR) was preparing to drill an additional six appraisal wells in the Florence Field, commencing in October, with site selection and permitting completed. The Florence Field has now cumulatively produced over 440,000 barrels of oil for CRR. Florence production averaged approximately 520 barrels of oil per day over the Quarter.
Sept Qrtly 2011
USA Comet Ridge Resources LLC (Comet Ridge 17.26%) During the quarter, Comet Ridge Resources LLC (CRR) drilled seven oil appraisal and development wells in the Florence Field of which, six wells were completed as producers. The Florence field was producing over 1,000 barrels of oil per day at the end of the quarter and produced 236,000 barrels of oil for the full year.
December Qrtly 2011
USA Comet Ridge Resources LLC (Comet Ridge 17.257%) During the quarter, Comet Ridge Resources LLC (CRR) continued to bring on line and open up the six new Florence producers that were drilled towards the end of 2011. Company production averaged 930 barrels of oil per day for the quarter.
March Qrtly 2012.
Remember all these above figures are from COI's Quarterlies.
Still searching but COGIS map viewer is down today.
Good Luck to all
finally good to see some green.
AKK Price at posting:
2.2¢ Sentiment: LT Buy Disclosure: Held
