RE: Well # 2 should be starting up soon...........the access to the 10 million will on production or feable production, as stated below the license is in for amendment so back to getting the license again,but this will not take as long. The way I see is that they know what is there, but do not want to damage to drill deeper on the second well, freeze the top=drill the bottom.
In his report dated January 16, 2011, Mr. Lafleur stated: "The oil found in the Preeceville/Endeavour area may indicate a new Petroleum System not seen elsewhere." With regard to the Company's second well in the Endeavour region located at 12-22-35-4 W2, Mr. Benson also announced today that the Company is planning to amend its previously received well license to allow it to drill the well using nitrogen. "Nitrogen gas is often used in the drilling process to avoid damaging fragile shales. This will allow us to test for gas inflow during the drilling of the shallow portion of the well," he said. "Once we are through the Colorado Shales, we will revert to a mud system while drilling our oil targets."
Well I have been wrong before, comments
Year of the Profit,Oilseeker