Here is why.. the action is starting
The last 4 wells drilled were all successful and new pay zones were found that have not been previously produced in the Field. Each new well is located to develop the newly discovered Lower Frio formations but will also be positioned to develop the proven Upper Vicksburg (8,000' to 8,500')
The current daily production from the field is 4,245 Mcfd and 140 barrels of oil. The cumulative production from the twelve (12) successful wells is 1.824 BCF of Gas and 50,040 barrels of oil since 2004.
The drilling is scheduled to commence during the week of November 17th 2008 and will continue from wellsite to wellsite until all three wells are drilled, logged and tested. Preliminary operations where taken in the last couple of weeks in preparation for the arrival of the drilling rig and equipment.
Drilling at the Portrush et al #2, Moore 6-12-III well on its Waubuno property in Moore (St. Clair) Township, Lambton County, and Southwestern Ontario has reached past the half way stage and is anticipated to reach total depth on or before the last week
of November.
Best of luck to all
