dzr in pipeline news jan 2010Nice article in Saskatchewan petoleum monthly "DZR HOPES FOR HAPPY RETURNS FROM LLOYDMINSTER 2010"
Few qoutes from article Robert Lamond says"The good thing is we can drill alot of offset wells if the first few hold up. We will get the rest of the production results at the end of 2009 and in the first 2 weeks 2010. This should ramp up our cash flow at a rapid rate. With a lot of luck we will have a much more expanded program in the new year and if we are lucky, 15 or more additional wells in Lloydminster. A lot of it should be developed out of cash flow.The wells come on 10 days after we drill. It's a big advantage from gas." Sounds like they have 3000 acres of land in the Birdbear horizontal play in west central Saskatchewan where the company plans to drill a horizontal well in the first quarter of 2010.He Goes on to say"We are on the edge of a number of successful Saskatchewan plays. We are really in some of the popular names like the Viking down at Dodsland, the Birdbear and Shaunavon formations. Those are just land plays at the moment. Those will be developed later in 2010 as we get Lloydminster up and running. Lloydminster is a very oily area and there are some pretty good companies who have been there a long time , like Husky with very large land holdings"
Hope this gives some helpful information. Sounds like we will have some news soon.
The stag