2008 Highlights
- Acquired leasehold interest through Crown sale in July.
- Immediately mobilized Company resources to license a well on the acreage, initiated drilling of the vertical well in autumn and rig-released after drilling and casing in December.
- Initiated completion activities on the vertical well in December 2008. The well flowed gas after fracture stimulation and reservoir pressure showed no depletion.
- The Company is currently evaluating initial completion results as well as supplementary pressure work to determine the appropriate next steps. This could include drilling a horizontal leg to this
well or drilling a new vertical well farther east to better access higher-quality reservoir rock of the type expected for the original drilling location.
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