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Re: Options2Wealth post# 983

Saturday, 01/28/2006 8:40:15 PM

Saturday, January 28, 2006 8:40:15 PM

Post# of 1036
BSIC this is huge news out! and the Montana production is screaming at 14,188 BBL's, 7403 MCF reporting 11/30/06
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The North Dakota project is a success in the rival formation and they are drilling another well (LM#1). Possible 40 well acre lease.

http://biz.yahoo.com/e/060127/bsic.ob8-k.html

Rival formation is a big surprise! woweeeeeeeeeeeeeeeee

We are even drilling a new well the LM#1

In this regard, Basic, and its partners, are currently moving in a rig to drill in Section 9, T152N-R98W, McKenzie County, North Dakota. This new well, the LM #1, is operated by Missouri Basin Well Service and is planned to a depth of 10,170 feet to vertically test the Rival.
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"we are more than excited about preliminary flow rates from the Rival formation," commented Ray Singleton, President of Basic. "The Rival had great shows during drilling operations and we had high hopes for this interval while waiting for a completion rig. While we are early in the completion process in the Rival and hesitate to estimate initial production levels, we our enthusiastic about these preliminary results. Regarding our future plans, the next few months should be exciting. With a number of efforts both underway and in the planning process we are on track to exceed last year's impact to the Company's production and profitability."




TechKim

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