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Re: kellog$ post# 4307

Monday, 04/09/2012 8:14:34 AM

Monday, April 09, 2012 8:14:34 AM

Post# of 70652
I believe you're right. That would put Grid into oil revenues quicker. We didn't have an interest in this first well to be drilled, but the second one, I believe.




"The delay has been due to the inability of a third party joint venture investor in the Garcia #3 well to meet its cash call to retain it's participation interest.

Grid Petroleum Corp is currently in negotiations to acquire an interest in the Garcia #3 well due to its recent availability.

The company has determined that this participation will enable the further development of the Mutual Area of Interest in a timely basis."