Replies to post #543 on Chelsea Oil and Gas Ltd. (fka COGLF)

[eom7]

I love the blue sky numbers:

The Company has conducted an internal assessment of the Upper and Lower Arthur Creek formations over the permit area, and estimates that these formations could have up to 25 trillion cubic feet ("Tcf") of gas originally in place ("OGIP") and 4.1 billion barrels of oil originally in place ("OOIP"), as the permit straddles the oil, wet gas and dry gas maturity windows.

[Al4343]

Very informative release...kudos for keeping us updated. WEe are now about one month away from spudding in PEL 112 and progressing on highly prospective ATP 582....at .20 or less...sounds like a decent opportunity.


I am going to attempt to get more insight on the acquision culminating in August...

Al