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LowFloatGoat

01/28/06 10:20 AM

#874 RE: Umpolung #873

If these TRRC links work you can see that a permit was approved on Jan 26th for an 1100 ft vertical well on the Nettie Gardner lease. They will probably PR it when they spud. It should take less than a week to drill 1100 feet so expect it to take 2 weeks after drilling begins.

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=GARDNER&uni...

http://webapps.rrc.state.tx.us/DP/publicQuerySearchAction.do?countyCode=307&apiSeqNo=31138

Here's a description of the Gardner lease from the last 10Q
http://biz.yahoo.com/e/051121/qoil.ob10qsb.html
Nettie Gardner Property, McCulloch County, Texas

The McCulloch County, Texas lease ("Gardner") consists of 116 acres, more or less, with 2 existing wells-one gas and one oil. We have a 100% working interest and a 70% net revenue interest in the Gardner leases. Production on the Gardner occurs from the Jennings gas sand and the Gardner oil sand at a total depth of 1,050 feet. We have been in discussions with drilling contractors to enter into a drilling contract for the Gardner drilling. Five new wells are proposed on the Gardner lease, consisting of two gas wells and three oil wells. A work over project is planned for the existing gas well, the Gardner No. 1 well. The neutron-density log for that well indicates that the Gardner sand just below the Jennings sand contains gas and has not been perforated. After the drilling and completion of the gas wells are completed we will place a dehydrator on the lease and establish gas production to the main gas line.


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Swordking

01/28/06 10:57 AM

#875 RE: Umpolung #873

Umpolung, the 10q for the quarter ending dec. 31 is due by the 14th of february. I would expect an overall update on all fronts in the next two weeks as well.