• Impatiently waiting for the production test results and some more concrete statements about the drilling success of the initial Florence wells
• I wonder if they negotiating with VicPet about their West Florence acreage?
As far as I remember VPE increased their position to more then 40% when the US operator and a minor partner withdrawal from the project early this year; but they stated that they want to sale the project in order to focus on their Cooper Basin and CSM projects in Australia.
Their first well, West Florence #1, was producing around 10-15 bblpd from the Codell, but they didn’t use 3D seismic as COI. Likely CRR is able to establish the same concept as COI used to build up to 50 possible drilling locations at our current Florence acreage.
One well, Slanovich 32-23P, has a drilling permit and is targeting the Pierre Fmt.
• Drilling of the CVU 18-14 at Tow Creek, Colorado? The CVU 31-4 well has had more then promising oil shows
• When will the seismic survey at Grays Harbor commence?
• And I really hope that we hear something about the Galilee Basin soon …
COI Price at posting:
15.3¢ Sentiment: LT Buy Disclosure: Held
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