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Envirotek

07/07/11 5:25 PM

#7235 RE: johnsyn #7232

One thing I know about this area was that 20 years ago oil prices were low, running as low as $11 per bbl. We (Envirotek) aquired a lease 17 years ago for drilling gas, this lease had existing oil wells abandoned in the late 1980's were the stock tanks were full of oil. We drilled a new well and hit a zone with a good oil show that we later completed and it came in at 10 bbls oil per hour. Thats two transport loads a day. Check it out it was the Wilkinson B-1. Also at that time the oil was only $20 per bbl. I'm saying this to tell you that alot of lease's were abandoned thru that period because of the oil prices. With oil around the $100 mark they are well worth re-entering and re-completing.