Twin Butte Energy Ltd TBTEF

RE:New well?

[PetroExplorer]

Rokr, oilconsultant is quite deranged: I'll post more on his ramblings, and lack of understanding of his own pump-and-dump NWX stock, at a later date, for our amusement. But let's just ignore him for now, as he can't add any information that would be of any use to us, other than to call us names. I can however tell you, that the 15-21-37-3W4 well, was licensed last December, and it appears it might have had to been drilled, to fulfill some sort of farm-in conducted on Apache lands. Thus it may have been a situation of "drill the well or lose the land". The Receiver's job is to maintain the value of the asset. If a partner was to tell Twin Butte that they wanted to drill the well, Twin Butte would have to comply, or else lose their interest in the land. So it might have been this type of situation. This well in in their Provost Sparky play, and they need to drill many more like this, to maintain value in their asset base. A higher oil price might have allowed them the opportunity to drill something that can add some production, and net out some cashflow. No matter what the reason, the Receiver's report would eventually disclose the logic for drilling.