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Re: lowtrade post# 1472

Thursday, 06/23/2005 5:37:52 PM

Thursday, June 23, 2005 5:37:52 PM

Post# of 33129
Lowtrade - Doing some checking on Pete's past interest in the area with Nutek and hope something comes up to tie them together. (Ref post 914) What I believe to be happening. The word is out and every Tom, Dick and Harry will be buying up vacated leases if this is what this find sounds like. Will get back with what I find. Valor looks like a large lease thats mostly NG bearing. Exxon has 2 wells in South Texas that were drilled into the Edwards Lime formation that are producing at this time. Those wells are close to Valor's leases in South Texas. My point is that I believe Pete's ultimate target is the Edwards Lime formation while recovering as much oil from Austin Chalk formation before the attempt into Edwards.