I just got a call from Bull and he wanted me to up
Post# of 39368
I just got a call from Bull and he wanted me to update everyone on the Mitchel #3 well. They had bad weather out there today with lightening. It shut operations down for a while. They are back up and running now. The well is completed and they are on there 4th swab. They are taking samples all the time. The drilling on Mitchel #4 is at 3800' so the completion rig will move on location as soon as the drilling is done which should be right as we are finishing the completion of the #3. On another note, none of the new leases are on the Cline Shale. These leases (Cline Shale) are very expensive and the wells will cost between 5 and 12 million just to drill with no guarantee of success. These leases ( in yesterdays PR )will be shallow and cheap to drill. With success on them it will give us the capital to look for the big stuff.