Post by
Sonny7 on Apr 26, 2011 12:03pm
Today's News Release
The news today tells us that the well was drilled vertically with 4 cores recovered. Assuming that they were 60' core barrels, that would theoretically show a pay section of +/- 220' or 67m. This has the potential to flow a lot of oil. A LOT of oil. It may take awhile to learn flow results considering that the area is still on "tight hole" status as companies are looking to gain land positions in the area.
Comment by
quartzsite2 on Apr 27, 2011 4:21pm
Are the cores taken from the vetical part of the well for future use.They will be drilling the horizontal in one zone only or can they perforate and frac the vertical zones as well. I thought the license wou ld be to one zone only. You sound knowlegable could you explain also why you think they would be 60 foot cores. Thanks
Comment by
quartzsite2 on Apr 27, 2011 6:51pm
Thanks for the info,I really think this area is going to go wild in the next couple of years and this little stock is going to be a real money maker for alot of people. To many big guys around and that is a good sign.When we start getting results we will be happy campers,thanks again.
Comment by
natureboy16 on May 02, 2011 8:27pm
Sonny, any idea what it cost to core at this depth? per foot or per 60ft section of core?thks
Comment by
Sonny7 on May 03, 2011 1:15am
Core costs? By the meter probably, plus supervision costs. Unsure of rates but you could call someone like Baker for a price and they may tell you.