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MXXR.OB

Started by Draak, July 13, 2007, 12:33:32 PM

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Draak

12 BCFG. Time to speculate. The Next AMEP. Easily crunch $0.14 when the gas starts to flow.

The first well will be drilled to the "Yegua Sand" at a depth of approximately 6,800 feet. Ten wells in the Yegua Sand within the Easter Field have produced cumulatively over 10 BCFG within 1.5 miles center of our expected test sand. Additionally, two wells have produced from three separate Yegua Sands on our structure. Each well produced 2.5 BCFG at half pressure depletion. Geological survey shows both wells to be flankish on the structure, whereby the test well is expected to be updip on the structure. With three zones recording hydrocarbon tests and production of 5 BCFG with only half pressure depletion, we expect no less than 5 BCFG in the center of the structure from the test well.

Developmental wells are expected to be drilled to both the "Miocine Sands" and the "Wilcox Sands". Wells producing commercial gas in the field have been found in the Miocine 1,760 and the "Stranger Sand". Additionally, commercial gas has been found at the Miocine 2,200, 3,300, 3,900, and 4,200 Sands within the Easter Field. The Wilcox Sands in this field are not yet proven; however, a test to 9,000 feet will be undertaken towards the end of this year.

The Yegua test is expected to begin in early August, 2007. Recoverable reserves are estimated to be 5 BCFG for the Yegua Sand, 5 BCFG for the Wilcox Sand, and 2 BCFG for the Miocine Sand. Total expected reserves are 12 BCFG.


Draak

Large buying blocks coming in. Shorts cleared. Upside inevitable.

CEO still holding those millions without fear.

The first well will be drilled to the "Yegua Sand" at a depth of approximately 6,800 feet. Ten wells in the Yegua Sand within the Easter Field have produced cumulatively over 10 BCFG within 1.5 miles center of our expected test sand. Additionally, two wells have produced from three separate Yegua Sands on our structure. Each well produced 2.5 BCFG at half pressure depletion. Geological survey shows both wells to be flankish on the structure, whereby the test well is expected to be updip on the structure. With three zones recording hydrocarbon tests and production of 5 BCFG with only half pressure depletion, we expect no less than 5 BCFG in the center of the structure from the test well.

Developmental wells are expected to be drilled to both the "Miocine Sands" and the "Wilcox Sands". Wells producing commercial gas in the field have been found in the Miocine 1,760 and the "Stranger Sand". Additionally, commercial gas has been found at the Miocine 2,200, 3,300, 3,900, and 4,200 Sands within the Easter Field. The Wilcox Sands in this field are not yet proven; however, a test to 9,000 feet will be undertaken towards the end of this year.

The Yegua test is expected to begin in early August, 2007. Recoverable reserves are estimated to be 5 BCFG for the Yegua Sand, 5 BCFG for the Wilcox Sand, and 2 BCFG for the Miocine Sand. Total expected reserves are 12 BCFG.