Posted On: 05/16/2014 8:48:59 AM
Post# of 39368
Just from my experience in the oilfield, I would say that we MAYsee the first well completed by August - September time frame. I would love for it to be sooner but this is just how long it takes. First we have to finalize the deal from a LOI to a signed contract. Then secure the capital for drilling. Next start the drilling bid process. Then select the driller, secure permits etc. Drill the well, complete and bring it online. We also have weather to deal with. Hurricane season starts the first of June and I believe they said this lease is close to Huston. All of these things come into play so lets all keep this in mind. If everything goes PERFECT we might see some results in late July early August. My guess would be September.
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