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Re: flatron post# 631

Friday, 06/12/2009 12:46:01 PM

Friday, June 12, 2009 12:46:01 PM

Post# of 54066
It was my understanding from reading the Rights Offering that Zion only had enough funding to drill to the shallower Triassic with the goal of raising enough funds to continue down to test the Permian. The recent Rights Offering time extension didn't mention whether sufficient funds were raised yet to drill through to the Permian did it? I wonder how close they are, funding wise, to drill that extra couple thousand feet? That would surely warrant a PR once they get the funding, no?

With all that potential in the Permian, they just have to get the funding and drill it - I am sure hoping!!!
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