Unfortunately, I can't, that is why I suggested the board members compile a list of questions to ask at the annual meeting, which I think most were in favor of doing.
There was talk that jk would be willing to ask the questions.
I am still optimistic about the shareholders meeting, but will be curious to see/hear the reports from the meeting. Will be very curious to see the PR that will come out from the company regarding the meeting.
As for production, one of their NR stated that the wells should be connected by the mid-Sept:
"We are also currently in full completions operations on the Weesatche project. We are bringing the remainder of the project to full production which - despite massive rain delays - is now anticipated to be in full operation in mid-September."
If that is the case, we should get a bump in production. Would be interesting to know what production is from all the other sites. Last I saw, the only TX site that was producing oil was for about ~50 bopd.
I wonder what happened at this well (this NR was dated 24 August 2007):
Powder River Completes Drilling of First Well on Biamante Project
"Powder River Basin Gas Corp. (OTCBB: PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has completed drilling on the Biamante #1 well in the Powder River Consolidated Field in Goliad County, Texas. The well was drilled to 4000 feet and showed ten pay zones. The first zone will be completed at 3630 feet and is currently being set with casing and cementing operations.
The well will be completed and tested by the month's end. Based on initial research, it is estimated to produce a minimum 250 mcf gas per day. Accurate results will be published as soon as the Company has them available. The tank battery and meters are expected to be set within the next several weeks, with the well put into full production by the end of September."
Maybe it is producing at 250mcf/day?
GLTA
Cheers,
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