GREY:PENFF - Post by User
Post by
Oil100buckson Mar 18, 2011 8:36am
467 Views
Post# 18303800
Who is the other company
Who is the other companyIn addition, the Company reports it has farmed out a portion of itsinterest in a Donnybrook 100% owned 7 section block (1,813 ha) atBigstone. Two farmees will earn a combined 50% after payout workinginterest (75% BPO) by paying 75% of the costs (drill, equip, completionand tie-in) of a horizontal well targeting the Montney Formation, and byreimbursing 50% of land costs incurred to date. Pursuant to the termsof the farmout, the well must be spud by August 1, 2011, with Donnybrookacting as operator. Bigstone is located on the same general Deep BasinMontney trend approximately 40 km south of Waskahigan.