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Ashanti Gold Corp. GULSF

"Ashanti Gold Corp is a Canada-based mining company. It operates in one business segment that is Mineral Exploration and Development in Western Africa. Its project consists of Kossanto East project, Ashanti Belt project, and Anumso gold project."


GREY:GULSF - Post by User

Bullboard Posts
Comment by RJ18on Feb 25, 2008 1:45pm
317 Views
Post# 14539281

RE: Your take snafur?

RE: Your take snafur?The IFR diagram shows 2 wells labeled as Fallow. One is the Birdie 6650/day. Apparently, the other "Fallow" is unknown. In their words, they earned interest in Fallow 6650 as part of the whole block by participating now. So, today's news brings them one Fallow at 6650 and yet-to-be-determined structure. But as snafur and other suggest, this is very likely commercial. I'm happy knowing the one that did 6650 is under their belt as a starting point. ******************************************************************* "By participating in the Maria well, Britcana earns a 8.33% working interest in the entire block, where three higher risk - higher reward plays have been identified in the deeper Jurassic section. Included in the block is the 15/18a-6 fallow discovery well drilled in 1986, that tested a combined 6,650 bop/d of 43 degree oil and 10Mmcf/d of gas from two zones. Additional technical work is required to mature these plays to drill ready status." "
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