GREY:BEEHF - Post by User
Comment by
mousermanon Jan 21, 2013 11:36pm
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Post# 20870006
RE: RE: quick to get in quick to get out
RE: RE: quick to get in quick to get out Any success announced by their neighbors ( SHELL etc.) will light a fire under AEE with their holdings in that area.
The Sinan and Bismil Licences encompass 17,833 (8,917 net) and 245,699 gross (122,850 net) acres, respectively, and are well-located within the Dadas Shale Oil trend as well as the Cretaceous and Ordovician conventional oil plays. Activity focused on the Dadas Shale continues to gain momentum with numerous drilling and testing operations currently on-going in the area, including the drilling of the first well of the Shell and Turkish Petroleum (“TPAO”) joint venture approximately 20 km from the Company’s Sinan Licence border. Under the terms of the TPAO-Shell agreement announced in November 2011, Shell is expected to drill five wells into the Dadas Shale formation.