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Re: tchauncy post# 9013

Sunday, 12/06/2015 5:44:25 PM

Sunday, December 06, 2015 5:44:25 PM

Post# of 25846
good info Tchauncy...thanks for taking the time to share.

Regarding the "slim hole" drilling, I was told that we are using 8.5" rather than the standard 9.625" and that doing so would save a couple hundred thousand dollars in drilling costs.

I also understand that the process we have have developed to interpret the seismic has the potential, if successful, to open up infinite opportunities to partner with many other PEL holders. I don't profess to understand the science involved in our "unique process" but I understand that it could open a new paradigm for drilling in the Cooper and Eromingo basins. Let's hope this happens...if it does, share holders will be extremely handsomely rewarded!
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