News Focus
News Focus
icon url

johnlw

03/05/07 8:37 AM

#797 RE: Lone Clone #795

Hello LC

SPI was one of the few green spots last week in my holdings.
Just wondering what was the driver....
Going through the last operations update this kinda stuck out.

At b-092-H, new techniques applied in January 2007 to create a consistent flow of formation water have resulted in a more stable production rate of natural gas in the range of 150-250 mcf/d. The Company plans to apply these same techniques to the other three test holes in the pilot project over the next ninety days before making further drilling or tie-in commitments.

I am also chipping away at RIX these days. Their Ardley project is another high risk high reward wildcat type CBM play in my mind. It is backstopped by a bit of conventional and HSC production.