three successful oil wells , page-8

I completely agree IK, its such a pity ...

But even if COI is diluted down to 20%, Florence should be a big success for the company.

The old Florence Field produced from the Pierre- and Niobrara Fmt. only - the deeper targets are highly unexplored and a success at Bull is like a new discovery.

An analysis of the core cuts is a much better indicator as "shows" in drilling mud - the result: "oil shows in core cut across codell formation" is really great. And "across" the whole formation sounds that it is not small ... cross my fingers for the last 260 feet of the well ...

The new investment of about US$10 million at this stage of developement is in my eyes a strong hint that they really attempt to acquire new acreage - but as far as I remember they already have about 50 possible drilling locations in their current Florence acreage.

The 3D seismic model seems to be confirmed by the current drilling success - they were highly convinced about the unique inside into the migration system of the field provided from this data - that could prove to be true ... :O)