RE: Broker target 437% upside26 Nov 2018 08:08
Real fun to start next week
At Monroe Swell, the first well will initially utilise the existing Burnett-2 well bore, before focusing on a new target in a previously untapped portion of the oil field. The drilling location and access road have been successfully graded, and a workover rig is onsite and conducting operations to prepare the Burnett-2 re-drill well for the drilling rig. Following the Thanksgiving holidays this weekend, the drilling rig is expected to be on site within 7-10 days. The Company will earn into a 50% interest in Monroe Swell on completion of a two well programme.