In at .30 on your heads up thanks.
Nothing there catches my eye, more likely one or both of these creating some interest, from February 28th ...
25th licensing round
The U.K. authorities recently announced the 25th licensing round with bids due in May, 2008. In the fourth quarter of 2007, Britcana and partners retained Exploration Geosciences Ltd. (EGL), a U.K.-based geological and geophysical consultancy, to evaluate 25th-round acreage. EGL has access to large two-dimensional and three-dimensional seismic databases and prospect generation has been continuing for the last year. Open acreage exists near Britcana's acreage.
Partners in the bidding group are, Lundin Britain Ltd. (operator -- 50 per cent), Norwegian Energy Company AS (25 per cent), Britcana Energy (IFR's U.K. subsidiary, 15 per cent) and Silverstone Energy Ltd. (10 per cent). The agreement states that should any party elect to not participate in a bid then the participating parties have the right to increase on a pro rata basis.
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In Colville Hills, which is located approximately 150 miles north of this winter's drilling program, a two-dimensional seismic is being shot on EL-432. The cost for data acquisition is approximately $10-million. In the third quarter of 2007, a $12-million, two-dimensional seismic program was completed on EL-429 and EL-445. The data are currently being interpreted with a view to identifying drilling locations for the first quarter of 2009. IFR holds a 25-per-cent interest in three Colville licences (568,000 gross acres). The licences are operated by B.G. International Ltd. (75 per cent).
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