GREY:CUDBF - Post by User
Comment by
november01on Aug 25, 2011 5:32pm
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Post# 18980195
RE: RE: RE: RE: RE: Tic Toc Tic Toc
RE: RE: RE: RE: RE: Tic Toc Tic Toc
I just received this reply from Jeff Stuart and he has completely restored my faith in POP. It's time to buy more shares from the weak.
Our last oil related news release was issued just over three weeks ago on July 28th. At that time, we announced significant expansion of our exploration activities on J5, and featured an overview of upcoming exploration activities on J1. The NR states that drilling for J5 was imminent, and for J1, it was to begin the week of August 1st. I don’t know when we will see the next news, but a good guess would be in about two weeks.
I am not sure if you noticed, but the Saskatchewan government has gone public with data that shows J5 now has three more wells production cased for a total of 4 on J5. J1 now also has a new production cased well. I am not a qualified member of the technical staff, so I can’t specifically comment on the production status or potential of any of these wells. However, a company will not usually case a well unless it expects significant production from the wellhead.
Kind regards,
Jeff Stuart