weekly drilling report

Morgan’s Bluff #17 Type: Oil development Location: Orange County, Texas Target Depth: 8,800 feet

Working Interest: 70% Operator: TNT Engineering Inc – Wichita Falls, Texas. Status: The Morgan’s Bluff #17 well is a replacement for the Morgan’s Bluff #8 well which was drilled in 1987 and was plugged due to mechanical problems. The location was drilled 300 feet south-west of the #8. Mudlog results indicated shows in the Hackberry sands. S

ubsequent electric logs confirmed that the well cut 4 sands with a net reservoir of 53 feet and a total of 34 feet of potential pay. This well has a net reservoir increase of 10 feet from the #8 well. Pipe is being set to develop these zones, which are all productive in this field. Completion tubing is expected to arrive on location in the last week of August.


Renger Sassin “A” #1 Type: Gas wildcat Location: Halletsville South, Lavaca County, Texas Target Depth: 11,300 feet Working Interest: 25% Operator: Trio Consulting & Management LLC – Wichita Falls, Texas. Status: The well was spudded on 26 July 2006 (Texas time) and has progressed to a depth of 6,975 feet as at 1 August 2006 (Texas time).