Is Rig 7 drilling on the lease mentioned below or
Post# of 39368
Is Rig 7 drilling on the lease mentioned below or another? I'm cross-referencing the fact that TECO claimed to have logs on the Elora farm next ot the Sabine River in E. Texas. I get real confused with locations based on lease names, well names, town names, E. Texas or W. Texas, etc.
From 10Q:
[b]We have already chosen our location on our 81 acre Elora farm out next to the Sabine River. Once the survey and permit are completed we will start (that should take about 2 weeks). This drill will be approximately 3500 feet. It will also be a horizontal drilling into the Fredricksburg zone. A prior well owner drilled there in 2007, but only had the rights below 5000ft. They wire-lined the entire well and we now have those logs in our possession and will drill where the existing pad is. This will allow us to avoid the pad setup expense. Also having 50k worth of logs should allow us to navigate into the zone with success. If we have a successful oil well (our goal) we will drill again from this pad into the Saratoga zone.[/b]