2009 PlanSo there we have it, a map for 2009. Build up the bank by approx. $16,500,000 after debt payments and operations.
Give up 50% of each of two wells to be drilled by others at no cost to us, and get field development plans (WHERRY) in place for 2010. And hopefully have a share value high enough to exercise warrants end of 2009 ( above $1.35)
2009 Plan
Maximize Durando net revenue through focus operating costs and pipline back-out minimization
Drill Southern Gas Area ASPEN Well
Drill Cenral Oil Area STEAMBOAT Well
Retain 50% interest in above two wells at Zero Dry Hole cost Bridge
Obtain WHERRY Field Development approval to drill well earl 2010
Unitize SOUTH TRENT with adjacent 25th Round Block when awarde to drill mid 2010
Lets Go
Tortoise10