News Focus
News Focus
icon url

Walker

01/13/11 2:47 PM

#21349 RE: Biochemist2002 #21346

Yes - you can check this link as much as you want - usually takes a couple weeks before the next update - which would be a 10:

ZLUS WELL STATUS ->

Check center of page
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=242543

Status 06 - Waiting on rig completion

Total depth reached on Jan first

Casing has been set all the way to 4695'
icon url

Max Power

01/13/11 3:13 PM

#21358 RE: Biochemist2002 #21346

Biochemist: One error in perception that I see is that we are not drilling any more until spring.

This, in my understanding, is only for the Sanders lease. The Catahoula Lake area in LaSalle Parish is a completely different lease in a different area. The last PR sub-heading was:

Preparing to Drill Second Well on 1,600 Acres of Prime Oil and Gas Exploration Land

and within the PR:

Based on this week's successful effort, CoreStream is moving immediately to begin the process of exploring the next best geological opportunity within this leasehold.



also:

Chris Rainbolt, CoreStream's CEO, is extremely pleased with this effort and commented, "The interpretation of the core analysis of the State Lease #2 well provides a very strong indication of the consistency of productivity inherent in so many of the existing wells in the Catahoula Lake area, and we believe this success demonstrates that our investment strategies are on target



and to look forward to:

"Because we were able to commit to this project before the end of 2010, this effort will bring new opportunities to CoreStream that would not have been made available had we not moved so quickly on this opportunity. We are extremely pleased to have successfully obtained rights to such properties in this very productive area at a time when oil demand only appears to be increasing worldwide."



icon url

Walker

01/13/11 3:19 PM

#21362 RE: Biochemist2002 #21346

Also - the Sanders#1 will not be the second drilling - they are preparing to drill another well as we speak and we should get news on it soon. There will probably be a few wells drilled before the Sanders#1 gets done.