RE: RE: RE: RE: Positive News Today But ..........January, 2011
ASX
In addition, first quarter spending will also include carryover activity as we complete and add production from wells that were drilled in the fourth quarter of 2010. The Company has submitted applications for approval for twelve wells (6 net wells) program for approval in 2011.
VANCOUVER, BRITISH COLUMBIA, Feb 09, 2011 (MARKETWIRE via COMTEX News Network) --
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company") is pleased to announce that the Company intends to participate in drilling three additional wells (1 net to the Company) in the Lloydminster area of Alberta. The wells are in addition to the Company's previously announced Phase 3 drilling program. The three well project is scheduled to include drilling, completion and bringing onto production three in-fill heavy oil wells at the following locations: C6-24-050-02-W4, 3D-11-050-02-W4 and C7-14-050-02-W4. Once completed this program will increase the number of Lloydminster heavy oil wells that the Company has an interest to seventeen (17). The Company has a 33 1/3 working interest in the three additional wells.As you can see that the partners (ASX-WPP) are slated to drill 12 wells in that area in the first quarter and now they have added 3 more wells so I think that those permits are being applied for now. The drilling on the last three wells could commmence late in the first quarter or early second quarter depending on permitting time line. The 12 wells are infill wells so 98% with little or no rist factor. Hope that helps
Year of the Profit, Oilseeker