Replies to post #1887 on High Plains Gas, Inc.(fka HPGS)

[OilStockReport]

Very interesting action today. Could be indicative of things to come. There is a lot of activity in Wyoming now we are involved in some in Niobrara County ourselves.

Operations
Dry Fork Project

HPG has secured the lease rights comprising the Dry Fork Project, and has drilled seven wells on this lease. These completed wells are currently in the de-water phase with three wells beginning to show gas. Other wells drilled and maintained by HPG in this area have produced marketable gas for over seven years. High Plains maintains secure control of all gas flow around the Dry Fork Project as well as to and from the Project. HPG also has current permitting approval for the Dry Fork Project.

Wyoming’s Powder River Basin contains approximately 33 trillion cubic feet of recoverable natural gas, of which the Dry Fork Project will capture an estimated 37 billion cubic feet.

Dry Fork Project Phase I

HPG has drilled seven wells on the Dry Fork lease as the initial step of the Dry Fork project. These wells have been enhanced via hydrolysis. These wells are de-watering at a rate of 588,000 gallons per day each. Three wells have begun to show methane, and de-watering has been controlled to maximize gas collection. All seven wells are connected to the HPG infrastructure so that all produced gas is transmitted to a point of sale.

Phase I will be comprised of 70 new wells. Drilling will begin in August 2010. Well drilling time is three days per well drilling rig at a schedule intended to minimize cost and maximize revenue. HPG will run 2 to three rigs until all 70 wells are drilled. Drilling will be completed in May 2011.

Dry Fork Project Phase II

Dry Fork Project Phase II is a continuation of Phase I comprising of 83 new wells. The drilling program is scheduled to begin in November 2011. Well drilling time is three days per well at a schedule intended to minimize cost and maximize revenue. HPG will run 2 to 3 rigs until all 83 wells are drilled with drilling to be completed in June 2012.