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Post# of 42997
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Howardhaftel

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Howardhaftel

Re: Howardhaftel post# 17628

Monday, 09/06/2010 10:18:37 AM

Monday, September 06, 2010 10:18:37 AM

Post# of 42997
It is my understanding that Hunt will be part of the drilling team for the Tasmanian project.
The company plans to start by drilling Bellevue and then Thunderbolt, the two top picks for having the greatest amount of oil. It is anticipated that several hundreds of wells will need to be drilled over the life of the project and several companies will be involved in the drilling.
Bellevue is estimated to require over 120 wells alone over its life time. At a rate of 1 well per month it would take more then 10 years to drain.

In the next 2 weeks we shall move forward by leaps and bounds with results. Stay tuned.

This is only my opinion!

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