Montana Oil (fka MOGI)

[huggums]

Fwiw, I found this on the cwpc board on RB...
http://ragingbull.lycos.com/mboard/boards.cgi?board=CWPC&board=CWPC&read=3113&submit=Go&...
sent an email to cwpc about the sylvan lake results and here is their response.
Hi Dave,

The well at Sylvan was commenced just after break up. After that the rig wason site for approx 30 days due to the rains and the soft conditions which made it virutually impossible. to move the Rig off the site. A new set of well logs were done and evalauted on the Sylvan well to confirm the resutls from the 1st set (they seemed a bit suspect). The operator; Energy 51 Inc., has sent us the AFE for production testing in the Pekisko zone on Aug 4th, and they have stated that they are currently awaiting a rig and crew on site in the next week or so. The same holds true for the Barrhead well as well.

We would expect production results from both wells by the end of Aug. or early Sept. at the latest. The company will be in a position to release factual production tests, flow rates and reserves as soon as the tests are complete

Regards

CWPC Investor Services

by the way the acronym AFE means "approved for expenditure" and is basically the projected cost of the operation.

(Voluntary Disclosure: Position- Long)


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