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

To: Goose94 who wrote (8800)	8/28/2014 9:52:33 AM
From: Goose94	Read Replies (1) \| Respond to of 202901

Brownstone Energy (BWN-V) Aug 28, '14 has been advised by its joint venture partners that development operations for 2014 are under way at the Kokopelli project (see news release dated June 30, 2014). Drill pad preparations have been completed, including gas connections, and accommodations for drilling, equipping and utility of a water disposal well, aimed at economizing the existing water disposal arrangements. Furthermore, a Peter Martin conductor rig is engaged to complete the rat holes with 20-inch casing for eight new production wells and the one water disposal well prior to the Frontier-28 rig moving in for sequential total-depth drilling operations in mid-September. The 2014 drill program will focus on developing new production from the liquids-rich Williams Fork formation (based at approximately 8,400 feet) and testing for production from the Mancos reservoir, in particular, the commerciality of deep Niobrara strata (estimated to base at approximately 12,750 feet). As previously reported, Brownstone is carried for 10 per cent of the first $16-million (U.S.) in expenditures to maintain its 10-per-cent working interest in the Kokopelli project. The final project budget (with authorities for expenditure) are anticipated to be completed shortly. The drilling will test the high-pressure, rich Niobrara strata of the Mancos.