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Gold/Mining/Energy : Charger Petroleum Inc.

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To: Superstone who wrote (39)7/5/1999 10:04:00 AM
From: balisurf  Read Replies (1) of 58
 
Superstone,

If indeed a completion on this well is continuing I would be very surprised...do you have any idea what the cost would be since the well reached TD? This completion, if ongoing, has hit well over the $2-3 million US mark, that would translate to approx half the cost of drilling. From what I hear the uphole zones are, quite simply, garbage...The more money poured into this thing, the better a short is.

IMO the people at Charger are delaying the admission this well is a duster until the other well currently drilling at about +/- 11,000 feet reaches it's TD of approx 14,000 feet sometime in mid July. That's what I'd do....

Balisurf
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