Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (6073)	5/30/2014 7:38:42 PM
From: Goose94	Read Replies (1) \| Respond to of 202442

PetroFrontier (PFC-V) starts drilling OzGamma-1 well May 30, '14 - NR The third well in PetroFrontier Corp.'s 2014 work plan and budget has now been spudded, and drilling is under way. The OzGamma-1 well is a vertical exploration well located in exploration permit 103. This is the third of up to five vertical test wells to be drilled as part of the 2014 WP&B. All wells will include an extensive open-hole evaluation program, and up to three of the wells will be cased for future hydraulic fracture stimulation and production testing. Prior to the spud of the OzGamma-1 well, Statoil Australia Theta BV, PetroFrontier's joint venture partner and the operator of the 2014 WP&B, successfully drilled and cased the second well of the 2014 WP&B, OzBeta-1. All of the planned open-hole well evaluation activities have been completed and are now being analyzed. A total of 99.1 metres of core were recovered in a continuous coring process, which penetrated the Lower Arthur Creek and Thorntonia formations. Subsequent to drilling the OzGamma-1 well, the rig will be moved to the fourth well location of the five-well program, OzDelta-1, located in exploration permit 128. Readers are encouraged to review the current investor presentation on-line to see both the well locations and seismic cross-sections.