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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

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1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

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Sincerely,

George et al

Message: Maxim to drill another four wells at South Erin
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Maxim to drill another four wells at South Erin

posted on Oct 09, 2008 07:47AM







2008-10-09 11:30 ET - News Release

Mr. Arthur Brown reports

MAXIM ANNOUNCES DRILLING COMMENCES IN TRINIDAD

Maxim Resources Inc. has been informed by its operating partner that a contract has been awarded to drill the next four wells at the South Erin oil field in Trinidad. The first of the four wells is to be spudded by Oct. 11, 2008. The four development wells will be drilled on the block that hosts the ER-98 discovery oil well. ER-98 was successfully drilled to a depth of 6,000 feet in November, 2006, and encountered three oil-bearing sand pay zones (see news in Stockwatch dated Nov. 21, 2006). ER-98 has been free-flowing at a constant of 540 PSI since July, 2007, averaging approximately 90 barrels of oil per day.

The wells in this program will be drilled to a planned 3,500 feet and are anticipated to intersect the lower forest A and B sands, as observed in ER-98. Drilling will take approximately 12 days per well, and it is estimated that each well will produce between 150 to 250 barrels of oil per day over a 15-year life expectancy.

Maxim currently maintains a 69-per-cent working interest before payout and a 41-per-cent revenue interest (after payout) in the South Erin block of Trinidad.

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Re: Maxim to drill another four wells at South Erin

Gringus
Oct 14, 2008 11:05AM
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