Raven Project (40% Interest) The first well in the Raven Project, the Spinks-Middlebrooks #11-1, reached planned total depth of 10,830 feet and was successfully logged. Several intervals were identified that correlate with the gas shows during the drilling phase and appear to aggregate a sufficient amount of total pay in at least three zones. A natural gas discharge pipeline has been installed and the perforating and fracturing of the first two zones is almost completed with flow tests and detailed initial results to be reported later this week and through next week. This is the first of a minimum ten well program to be drilled in this project. The next well in this project is scheduled to be drilled in November, and then one well drilled every quarter as per the above drilling program.
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