Sawn Lake The demonstration project will be located in the Central Block of Sawn Lake where Andora is the operator and holds a 50% working interest plus a 3% GORR" on a non-owned 40% working interest. Work on the demonstration project has commenced. It is expected that the horizontal well pair will be drilling in the third quarter of 2013 and steam operations commencing in the fourth quarter of 2013
I'm looking forward to the horizontal well that will be drilled later this year followed by steam injection. Should give us more color on the viability and profitability of this project. The great thing is the market values this at zero anyways so bad news is its worth zero which is what its priced at now.