Ann: Wizard Lake Rex Drilling Update, page-3

Today’s announcement was classified as NOT price sensitive.

I would have said it was closer to monumental rather than NOT price sensitive.

The drilling of the well and horizontal has been completed without drama.

The horizontal stayed in the oily strata. In fact the oily strata was so nice the 28 fracks are going to be equally placed (43 metres apart) along the horizontal and that’s not price sensitive.

The fracking is going ahead more or less straight away. Goodo.

They are not progressing the other well because if the results are good they would rather do a follow up well into the Rex. And how many follow up wells are possible, by memory I think it was about 12.

Cool start to Tuesday.

Saltbus, just talking to himself because WBE is such a basket case almost no one visits, and they moved to Canada because you can invest and get stuff done, instead of spending your days queuing in Plain Street trying to get permission to get stuff done.