InvestorsHub Logo
Followers 130
Posts 2855
Boards Moderated 0
Alias Born 08/27/2004

Re: None

Wednesday, 09/30/2009 1:51:01 PM

Wednesday, September 30, 2009 1:51:01 PM

Post# of 361294
*****JDZ Drilling Update******

Spoke with my JDA Source. Here is what was said:

*Drilling in JDZ Blocks 2 & 4 have occured without incident. Very positive.
 
*Drilling in Blocks 2 & 4 will be done within 2 weeks at which time Pathfinder rig will head to JDZ Block 3 and drill the LEMBA prospect.
 
*The JDA is "very optimistic and excited" about early results.  He said the kinds of sands they have encountered in Blocks 2 & 4 drilling indicates they have hit Oil.  That the Gas was on top in each and oil below. 
 
*He said "things are looking up".
 
*I made the comment that it seems like early indications Blocks 2 & 4 drilling are much more successful than Block 1 Chevron OBO-1 drilling.  He totally agreed.
 
*He said results will for certain be announced-released in 4th quarter this year, 2009.  All 3 Blocks 2,3,4 will be announced.