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Bullboard - Stock Discussion Forum Pennant Energy Inc PENFF

GREY:PENFF - Post Discussion

Pennant Energy Inc > dei/pen news.
View:
Post by pennymaker69 on Sep 27, 2011 6:27pm

dei/pen news.

From a friend that e-mailed  DEI . Looks like Nov will be pen's time to shine.


As reported in our recent announcements the Company currently has twosignificant drilling operations underway – our Bigstone #1 well has beencased to TMD and the completion is scheduled for mid-October. We areplanning a 12 stage frac at Bigstone – given this is the first welldrilled on our land we stayed with our original program and drilled1,200m +/- horizontally. Subject to receiving satisfactory results atBigstone #1 we plan to follow up with a second horizontal location atBigstone in Q1, 2012 where we would likely aim to extend the horizontallength.

 

Wehave set intermediate casing on our  Simonette #2 well and are drillingahead to TMD. A third location at Simonette has been licenced and isprojected to spud in November ’11 with a fourth location (infill)planned for late December ’11, early January ’12.

 

Weanticipate having results on our Bigstone #1 and  Simonette #2locations in November ‘11 – subject of course to availability of crews,services and weather.

 



Comment by chumpisme on Sep 27, 2011 6:37pm
Looks like Nov will be pen's time to shine....Sooner.