Border Petroleum Ltd BOPFF

Energy Oil & Gas E&P

Border's new growth strategy is to target oil and gas assets that are characterized by reservoirs with proven reserves with low recovery factor to date. These assets allow for low risk development opportunities to increase production, cash flow and add reserve value. Border's corporate strategy will in return increase shareholder value and help build a strong stable cash flow and balance sheet.

GREY:BOPFF - Post by User

Border Petroleum Ltd

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Comment by Gaswellon Feb 23, 2012 6:49pm

296 Views

Post# 19576494

RE: RE: RE: RE: RE: drillin

Ulyses, you are correct in stating that the licences for the 2 well pad were issued yesterday and posted today.

However, the drilling rig is not on that pad. They are on Border HZ Loon 08-36-085-10 W5M with a surface location of 01-36-085-10 W2M. This well was licenced on January 25, 2012.

The two new licences that were issued yesterday both have a surface location of 13-36-085-10 W5M with UWI's of 100/13-01-086-10 W5M and 100/14-36-085-10 W2M.

So all in all, Border now has 3 HZ well licences issued.

Hope that clears up the confusion.

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