Posted On: 10/11/2013 9:49:59 AM
Post# of 39368
Mitchell #5 and Stockton #3 Based on data gathered during the wire line logging of the Stockton #2 well, the Company has made the decision to accelerate its plans to drill another well on the Mitchell lease.
The new well will be classified as Mitchell #5. The Company currently has net revenue interests (NRI) on three wells on the lease. Treaty Energy Corporation will maintain a 75% NRI and 100% working interest (W/I) on the Mitchell #5 well.
The new well will be classified as Mitchell #5. The Company currently has net revenue interests (NRI) on three wells on the lease. Treaty Energy Corporation will maintain a 75% NRI and 100% working interest (W/I) on the Mitchell #5 well.
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