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Re: None

Friday, 05/03/2013 12:01:11 AM

Friday, May 03, 2013 12:01:11 AM

Post# of 70650
FWIW, being impatient like everyone here, waiting for an update from the company, I picked up the phone and called one of the firm(s) involved in developing the NW Premont field. I won't say which one but you can get phone numbers off various websites if you look. The person I talked with informed me that the reason for the drilling delays were partly due to amount of sodium bentonite in the soils of the field. The well bores were swelling shut and had to be recompleted. The Garcia #3 has had 4 completions done to it and it has been fracked. After the frack, oil flowed freely and it's rate is being monitored. The natural gas zones and other oil shows will be completed later. I think the individual said that they are now drilling their 4th new well. This one as an offset to the Garcia #3. Also,new wells will be fracked as standard procedure. The person was very positive in his outlook for the rest of the field.

Having said this, I don't know where Grid stands, as he didn't say. Let's hope they've got working interest in the wells.

IMO