From one of the locals on the ground he's told us there working on the well. He's also posted some info on the what the neighbors are upto and more importantly it looks a decision will be reached on fraccing shortly.
IllinoisOil User Actions July 14, 2014 - 09:11 PM 112 Reads | Post# 22744771 Rate this post v RE:RE:RE:RE:Woolsey Energy leases nearby Strata-X leases Woolsey is a sharp guy. He may be in his 80's but he certainly hasnt lost his "wildcatter" guts. He doesn't need investors. He is EXTREMELY successful, just a few years back he sold a pipeline that he wholly owned for 67 million. He is drilling deep into the KNOX and his latest permit issued today is into the POTOSI both are formations that no one has here had ever drilled into. He is dilling them, and then plugging them back and wil come back and high volume stimulate them after NOV 15th, which is the date that the IDNR must have the process in place by, a hard date mandated by law. SO election on NOV 4th, Rauner will be elected the new Republican governor of Illinois, rules in place by Nov 15th after that the drilling party will begin in earnest. Folks we arent that far away. As for our boys? They will begin drilling deep vertical wells just like Woolsey is, particularly in and around the Blessing well and the acreage acquired from SM Energy. Woolsey just finished one that is only about 5 miles from the Blessing well. Just this morning Freeport McMoran Oil & Gas began drilling their first well just 4 miles south of Woolsey's well. We are close to the election now, so you will see the drilling heat up because they know they are almost out of the woods with these corrput ILlinois Dems. IMO. Read more at http://www.stockhouse.com/companies/bullboard/v.sxe/strata-x-energy-ltd#hbz8UplGXBFPbJzE.99
SXA Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held