toby shute getting with the times, page-27

Sushi, tell the whole story.

The Peterson #1 well was drilled with a 4,962 foot lateral and did not produce oil in quantities high enough to be commercial. The company said that the area has less natural fracturing than other parts of its acreage.

The Nevis #2 well produced at a 24 hour gross daily rate of 831 barrels of oil per day and 205,000 cubic feet per day of natural gas. The well average 570 barrels of oil per day during the first two weeks, and is currently producing 407 barrels per day of oil.

They have drilled two wells with an average IP of 415 BOPD and 285 BOPD for the first two week. They also plan to drill another 12-15 wells in 2011. We all know that you learn from each well drilled and the best fraccing technique.