Tuesday, August 26, 2014 3:42:44 PM
This source does not specifically mention GRPR but it does discuss the "joint venture" Santa Rosa has entered into in the Kreyenhagen Sandstone formation (http://santarosaresources.com/current-drilling/). It also lists it as one of their “current drilling” projects. I’ve included a summary below…
Kreyenhagen Sandstone Formation
Depth: 3,000 Feet Maximum
Potential Reserves Per well: 400,000 Barrels
Potential Total Reserve Value To Joint Venture Per Well: $24,900,000
Per Well Potential Initial Daily Production: 300 to 400 Barrels
Question: Has anyone been able to confirm how many of these wells are actually being drilled on the leased areas GRPR controls?
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