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Gold/Mining/Energy : Parkcrest Explorations Ltd. - Discovery 4,116 BPD
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To: leaf who wrote (48)12/17/1997 10:22:00 PM
From: Ed Ajootian  Read Replies (3) of 94
 
Leaf,

The well that was just spudded (the Estero #3) is in a joint venture which is 50% owned by HEC, 25% owned by PKC and 25% by ROH. This well will take from 30 to 45 days to complete and test. The Estero #1 took just over 30 days if memory serves me correctly.

PKC is not drilling anything by themselves in Colombia. They recently entered into an agreement with another company to try to get a new Association Contract awarded to them by Ecopetrol, where if they were successful PKC would have an 80% interest in that contract. Drilling on that is a long ways off (ie maybe next millennium).

The well I have been referring to all along has been this Estero #3 well that HEC, PKC and ROH just spudded.
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