FACEBOOK UPDATE27 Mar 2012 21:40
The Company has spent approximately C$20 million to date on the redevelopment of PaP#1; drilling the 3rd side track (ST#3) in 2008
- In the past ST#3 has been flow tested resulting in >10k bo produced
- No depletion of reservoir is evident suggesting a large volume of oil in contact
- Route to market for oil secured with produced oil could be sold to Come by Chance Refinery
- ST#3 is currently being worked over