TSXV:ART.H - Post by User
Comment by
koast2on Jul 19, 2011 11:01am
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Post# 18846695
RE: RE: Yawn
RE: RE: YawnQuoted from last nr.
Mr. Ahmed Said, President & CEO, commented,"We are pleased with the recovery of light oil from this section.Although the reservoir quality appears to be naturally tight, theestablishment of an oil column is significant. The possibility ofdrilling deeper to further evaluate production potential of the Kometanformation is currently under consideration."
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Further, there are continuingdiscussions between the consortium group to possibly deepen the well upto an additional 250 metres, subsequent to the completion of the currenttesting program. The primary purpose would be to drill deeper tofurther evaluate the production potential of the proliferous Kometanformation, the zone immediately below the Shiranish formation. Confirmation of the possibility and technical capability of re-enteringthe well and drilling deeper is expected over the next few weeks.
You say he gave you confirmation that they WILL drill deeper?