RE: RE: J1 well locations/maps!After the excellent information provided on this board by Drillchaser, Alphaflight, Innele, 2Fast and Airmax and so many others, so please excuse if I cannot mention them all off by heart right at this moment but you know who you are, but there's not much for me to add other than to say "thankyou" for keeping this board up to speed with such a steady flow of solid facts and information.
There are many comments contained within Alphaflights and Drillchaser's last posts that are
worth rereading several times but I'll just state that I though I appreciated all of them, these
two really popped out at me......<grin>, sorry if ya got a patent on that, 2Fast!
Alphaflight
The Saskatchewan Government has telegraphed POP has been successful on at least
3 more wells on J5. News is certainly pending on these wells.
If the independent experts at Chapman are right, and I expect they are, then it is likely
Petro One could soon be driving nearly half a million dollars a month cash flow from
these 3 wells alone. This is an excellent accomplishment in such a short period of time
and I cannot recall when I have seen a junior oil company advance so efficiently and
quickly.
Drillchaser
Because Champman Engineering has the credentials to file the NI (national instrument)
51-101, they will provide the Sask Department of Energy with the specifics required
to classify this "parcel" as an "oil pool". Doesn't matter how long that takes, the value
gets assessed...not by day traders, by the oil industry.
Its not the daytraders that will fulfill the stated goal which is "to sell the assets" (in the presentation updated on POP website in July 2011).
Stingy we need, stingy it is!!