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Re: SeaOhToo post# 812

Saturday, 06/19/2010 12:21:21 PM

Saturday, June 19, 2010 12:21:21 PM

Post# of 7618
The hidden Gem is the infill drilling.

20 acres infill in this area has been reported in the 20-30 to 30-40 BOPD with a capital cost of 400-500K.

I will be waiting in anticipation of an infill drilling program.

My question is what is the companies capability to borrow funds for a drilling program?

I am concerned about the plugging liabilities on old dormant wells.
I noticed a few are already scheduled.

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