RE: Great volume again, good news comming!MassEntropy. I agree, there must be news close given the volume in the trading today. I went to their web site and looked under the section called presentations. It looks as though this has been recently updated (November 2010), so this is fairly current. They pretty well go through everything from properties, management, pipeline infrastructure, development prospects (Willow and Hamilton). From one slide they say they are currently drilling the first well, and that I#13 will be spud mid November and I#14 anticipated spud date in December. This seems like they are moving forward with the drilling and judging by the volume in the stock, they must be doing well, so hopefully a press release update soon.
They also talk about pipeline design and costs are being planned with production coming in early 2011. This appears very fast track and with the drilling of more wells, then clearly their resource is going to go up accordingly.
This came from the summary slide.
Two Significant Project Areas within the Western Idaho Basin
Hamilton
5 successful gas wells with anticipated commercial production in excess of 5MMSCF/Day
Long term pressure and deliverability testing underway
Negotiations underway to initiate tie-in and facilities construction
Expected commercial production early 2011
Willow
1 successful gas well
2D seismic program completed, interpreted, and location identification complete
Currently drilling first well of Phase 1 Development Program
Activity Prior to December 31, 2010
Complete development drilling, completions, and production testing in Willow
Evaluate and initiate tie-in of production
Ongoing land acquisition