Diamond A Energy (fka DAECE)

[photonwav]

OT: of note for the z1...

as a great reference for early dd on the green ranch and z1 cfig0 on the lycos msev board posted 15146....

this had the permit (toaster yes you have the correct one) and i applaud your homework as it is so painfully absent on the lycos board anymore only a haven for bashers ..

it is interesting to note that the permit is april 11 and they pr'd that the start of the drilling (the z1) was to begin "on or near" march 15...

from then on my eyebrow raised..yes they can "cover" in the verbage "on or near' but imo it is of questionable form.

NOW ronald i read your fgd post up north and i feel for ya..we took a bath also..big time..but unlike bashers that lie we post DD as always.....for those friends of ours starved for updates.

in any event this is what is and has happened......
they had a good well (the z1).
they decided to frac a secondary zone the mississippi....
the frac did not go well as they said ...at least fell way short of expectations.....they brought 800 bags and only were able to pump in 237? i forget but we counted posted way eailier..
then the well "screened off" (plugged up).....
BUT overnight the well started to get better and better...

NOW as we have said delay delay delay..while they brought in the pump jack 2 differnt motors etc....
many PRs have ensued and time lines passed...
so what?
well if they had flows they would release them...
they are pumping that mississippi..only time will answer one of two things.....
can they pump out and clear the mississippi?
or when they frac'd did it screw it up?

can they pull up the hole and go after the primary zone? the conglomerate bend??

in any event is there a chance? i would have to say maybe because early on they had plenty of gas..we never could confirm the oil (the excessive oil to shut it in ..remember that pr.lol)...

BUT were we willing to keep waiting?....no.
not with our venture coming to fruition..Diamond A Energy....
where we are in control and have local experience of over 30 years in our president of field operations and local drilling team....and NO dilution or roll backs or the worries of the stock market .....

good luck