Noof , Scott Etal
" Louise Prospect (15.5% WI) - The Company has provided the farmin operator with an extension to commence drilling the well by 1 June 2014.
It will be drilled from the Desiree location pad. Louise is targeting 600,000-800,000 bbls oil in an updip segment of a proven, oil-bearing compartment.
SO at last it would appear that Petrodome is on the Job
NOTE "The Operator has secured a drilling permit"
(We knew that)
With $1.95 Mil income Av per Qtr I would believe Louise
is affordable.
Best they get on with it and start the drill by 1 June
Again it's wait and see.
So where are the other $$$$ being spent ? I'm not real smart at reading the bean count.
"Grand Gulf is to identify up to 3 targets for drilling this calendar year."
The above has that vagueness that makes me wonder WTF.
So we head off down the garden path with cash in hand ,
cash in the bank and a drill , a WK connection and an adjustment to Abita to come some time in the future.
Add to that the 3 targets waiting to be Identified.
And YES we have some leases. (What was that all about)
CH$$RS R15
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