The company expects to begin drilling in early October 2008. In early August 2008, the company received a favorable geophysical report and interpretation from its consultants in Calgary.
In 2007 a exploratory test was drilled and was suspended after encountering near reef geological conditions. This well was drilled on limited 2D seismic data and the original interpreted anomaly is considered as side swipe to a pinnacle reef.
The prospect is on trend and mid point between two pinnacle reef gas storage pools, Kimball Colinville and Waubuno. Both pools produced approximately six billion cubic feet before being converted to gas storage leases.
