To: E_K_S who wrote (42537 ) 10/28/2011 3:10:52 PM From: E_K_S Read Replies (1) | Respond to Double Eagle Petroleum Co. (DBLE) Double Eagle Petroleum Outlines Pinedale, Niobrara Drilling Plan epmag.com 2011 Exploration Projects The company also plans to drill one Niobrara Oil Shale well in which Double Eagle will have an estimated working interest of 93%. The company initially planned two Niobrara exploratory wells but due to certain lease holders in the area not cooperating in drilling plans, the company determined that the best location and opportunity to gain formation knowledge was to drill in a section which the company controlled. The company is awaiting final permit approval for this well. The company also is evaluating further development of the Main Fork Unit Project (formerly known as Christmas Meadows/Table Top Unit). The company previously drilled the Table Top Unit #1 well in 2007. The company is working with a major integrated oil and gas company that has option farm-in rights to advance further unit delineation, assist with costs related to seismic, environmental analysis and, if necessary, an exploratory well. Assuming the farm-in right is exercised; Double Eagle will have a 12%-16% working interest after payout. Prior seismic data has been reprocessed and a LIDAR (Light Detection and Ranging) survey has been conducted. Preliminary development well locations, pipelines and roads have been identified as part of a full field development environmental impact study being conducted by the USFS. In 2011, surveying and associated archeological and biological studies are being conducted along with a source test in preparation for a potential 2D seismic acquisition program in 2012...
