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Re: IDRILL4GASOIL post# 70

Tuesday, 10/02/2007 2:44:31 PM

Tuesday, October 02, 2007 2:44:31 PM

Post# of 81
They couldn't get into NW Speaks because of the wet weather. So they went to a well in their inventory where the drill site was dry enough to build a platform and get the equipment in and out. NW Speaks is still there but got pushed down the list. The wet weather has really slowed down Sharon's ambitious 2007 plans. Lousy gas prices probably means that it's just as well that they save the big wells for better pricing environments.

The next well is another relatively shallow 11-13,000 ft well. Sharon is trying to minimize drilling time and costs while maximizing opportunities. They will drill these shallower wells in locations where there may be deeper zones. They can always come back and drill one deep well to tap the lower zones instead of drilling every well to full depth. This will save millions in drilling costs while still providing for eventual drainage of the zone.

Let's see if the shorter drilling time gets us quicker results on West Warco-Shilling. Bobwins

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