BNXR had this in their latest filing. So it looks like production casing has been set, but they haven't said anything about production yet? How much longer do we need to wait? Thinking of sellling everything here.
Effective May 25, 2009, we entered into an agreement with Sunset Exploration to explore for oil and gas on 10,000 acres located in west central California. The agreement calls for us to earn a 20% working interest in the project by funding a maximum of 50% of a $200,000 geophysical survey composed of gravity and seismic surveys and agreeing to carry Sunset Exploration for 40% of dry hole cost of the first well. The total cost of the King City Oil Field as at October 31, 2011 was $263,561. Completions and drilling of this first well and completion of subsequent wells on the 10,000 acres will be proportionate to each party’s working interest. The geophysical surveys have been completed and most have been processed and interpreted. The initial surveys indicated that several more short geophysical survey lines would improve the interpretation. These additional lines have been completed and subsequently several stages of reprocessing have been applied to the original data. In midsummer 2011, permitting of the first drill hole began and the well was started in mid-November 2011. Production casing was set on November 28, 2011 and was completed in January 2012.
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