Canadian Imperial Venture V.CQV.H

interesting

[rclats]

from the info link provided by collin

this provides us with some time lines, read the rest of the info from the link(from collinsr's post lower down) and it will provided us with a better time line.

Shoal Point

Enegi has a 32% working interest in the Shoal Point 2K-39 well currently being drilled by SPE. The Company has been informed by SPE that the well has now been drilled to a measured depth of 2,865 metres. The site geologist believes that drilling is on the planned trajectory and that they are currently just above the top of the Aguathuna formation, the primary reservoir target. The primary casing has been set to 667 metres and the intermediate casing, which is currently being run, is expected to be set within the next seven days. After that, the well will be drilled into the Aguathuna formation and, potentially, into two deeper formations, the Catoche and Watts Bight, both of which may also contain hydrocarbons.

Enegi has been informed by SPE that, during the drilling of the well, between 1300 meters and 1950 metres depth in the Humber Arm Allochthon, and specifically in the Green Point Shale formation, the presence of hydrocarbons was detected. Whilst this is encouraging, the economic significance of these hydrocarbons is unclear at this time.

Alan Minty, Chief Executive Officer of Enegi, said: