Ann: Drillsearch Agrees to Acquire Ambassador Oil, page-21

re: Ann: Drillsearch Agrees to Acquire Ambass... Interesting that DLS has provide their drilling report early.

So the Pennington North 1 well was, is first glance not a great result. Yes we have a northerly extension, but not a particularly thick formation (although, other field with similar depths have proven to hold more than first thought). The Pennington field is still going to be large, but perhaps not above the initial expectations of 2mmbo recoverable (IMHO).

On a more positive note, great to have the first Uncon well fully drilled and ready to frac.

Also good to see DLS put out their little preso in regards to the AQO T/O.

Would be nice to get some more detail on the Flax field. Especially since its supposed to go online next month.