TSXV:PTP.H - Post by User
Comment by
STOCKRUSon Feb 27, 2012 7:36pm
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Post# 19594521
RE: interesting!
RE: interesting! Yes indeed !!! PTP.V I bought in at under 0.25 in January. :)
Also got in on another oil & gas jr ... GPI.V which is in Alberta, Canada it's teamed up with Penn West.
With PTP.V good to see the horizontal drilling technology being used. This type of exploration method has in many cases increased the intial flow rates 2-7.7 times, comparing it to convetional vertical drilling..
"PETRICHOR REPORTS DRILLING ACTIVITY AT DARST CREEK FIELD, TEXAS
Petrichor Energy Inc. has been notified by the operator that the Ranft 1H well (reference news release Feb. 3, 2012) was spudded on Feb. 24, 2012. The Ranft 1H well is the first of two horizontal laterals in each of two vertical wells that will be drilled in the Edwards formation. The Ranft lease is centrally located in an area of the Darst Creek field that has seen the successful completion and production of new oil wells using horizontal drilling technology."
GLTA