Stokes Bay-1 Update Since the last report on November 15th announcing that testing had recommenced, swabbing operations have continued through the week, and as of 6:00am, 22nd November 2007, the swabbing operations had recovered 624bbls of drilling fluid lost to the formation during drilling. This brings the total fluids recovered to 3644bbls, and represents some 29% of the estimated 12,400bbls of drilling fluid lost. Operations at the Stokes Bay-01 have currently been suspended due to heavy rain and will be resumed when weather allows. At this point, the nature of the reservoir fluid and the source of the pressure within the reservoir are still undetermined.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
