Replies to post #22236 on CoreStream Energy, Inc. (fka ZLUS)

[Walker]

Sanders lease #1 they have a 75%, #2 they have not revealed yet. Hopefully this week,

[Biochemist2002]

I think that 75% is for the lease, not the individual well(s). Hence the phrase:

'Further details regarding CoreStream's net working interest percentage and production rates will be reported to shareholders when they become available..."

Please feel free to correct me if I'm wrong. I may be misunderstanding the PRs.

The company has successfully closed its first lease and intends to drill the first oil well in the next 90 days. The lease, Sanders#1, is in La Salle Parish, LA, an area where reserves are proven but undeveloped (PUD), offers multiple drilling opportunities, and is expected to show large recoverable reserves. The well is expected to have a total depth of around 5,000 ft. CoreStream has a 75% working interest in the lease.

http://ih.advfn.com/p.php?pid=nmona&article=43989781

CoreStream Energy, Inc. (PINKSHEETS: ZLUS) today announced the successful drilling of the State Lease #2 well in the Catahoula Lake area in LaSalle Parish, LA, an area of significant proven reserves that has seen considerable success in the past. CoreStream Energy, Inc. maintains a non-operated working interest in this well...All investors who participated in the exploration phase of the well are expected to participate in the completion phase as well. Due to these ongoing completion activities, the final calculation of CoreStream Energy, Inc.'s net working interest percentage has not been finalized. The well is in the process of completion and is expected to begin production by the end of January...

"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. ...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."

Further details regarding CoreStream's net working interest percentage and production rates will be reported to shareholders when they become available...

Regarding our previously reported lease to drill the Sanders #1 well, CoreStream still intends to drill in this very promising area and has begun the process of identifying the desired geological profile for a drilling site within the lease. While the annual flooding of Catahoula Lake provides hunters with one of the top duck hunting sites in the country, such flooding will postpone drilling activity until later in the spring of 2011. Shareholders will be updated as developments warrant.

http://ih.advfn.com/p.php?pid=nmona&article=45924443

I wonder if these "investors" will be assisting us with additional wells...

..."All investors who participated in the exploration phase of the well are expected to participate in the completion phase as well".