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Bullboard - Stock Discussion Forum Regent Ventures Ltd RGVNF

Regent Ventures Ltd is engaged in the acquisition, exploration and development of mineral resources properties.

GREY:RGVNF - Post Discussion

Regent Ventures Ltd > Step Out and X ur Fingers
View:
Post by curtisprod on Jul 07, 2010 7:54am

Step Out and X ur Fingers

Step Out Wells are:

Wells drilled adjacent to a proven well but located in an unproven area.
Wells  located a "step out" from proven territory in an effort to determine the boundaries of a producing formation. Wells drilled beyond the proven limits of a field to investigate a possible extension to that field.

Well, Well, Well.......Oh Well!
Comment by JennyB2 on Jul 11, 2010 8:20pm
Um? REV is going Wildcat drilling in Louisiana is what I am reading?
Comment by stocktalk2 on Jul 13, 2010 2:19pm
How do you define Wildcat drilling and on what information do you base your opinion. The progression in the oil and gas business is, infill, step out, and then wild cat/exploration. Wildcat/exploration is drilling where there are no producing pools in the area. As far as I can tell, REV is drilling in an area that resembles a pin cushion. As far as I know they have either 20 or 40 acre spacing ...more  
Comment by dogone on Jul 30, 2010 7:43pm
JENNY ..so did Curt fish with RW ???and the Oil in Louisiana .. typically the Operators SUCK ALL THE MONEY MONTHLY ...YOUR OPINION AND ANSWER PLEASE
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