nagging thoughts
posted on
Feb 07, 2008 11:54PM
Investor Inquiries: 604-649-0080
Calgary, Alberta November 14th, 2007 Montello Resources Ltd. ("Montello") (TSX Venture Exchange Symbol "MEO") as to a 55% interest, Austin Developments Corp. (AUL on the TSXV) as to a 40% interest and Great Northern Oilsands Inc. (OTC: Pink Symbol "GNNS:PK") as to a 5% interest, announces that the John Bowen #2 Well ("the Test Well") has now been drilled to a total depth of 9,580 feet after having reached what is believed to be the Pre-Cambrian basement after circulating granite samples to surface. The hole is being conditioned and Haliburton has been contracted to handle the logging of the Test Well.
Does anyone know what date Halliburton was to begin logging?
Calgary, Alberta: November 21st, 2007 Montello Resources Ltd. ("Montello") (TSX Venture Exchange Symbol "MEO") announces that Montello as to 55%, Austin Developments Corp. (AUL on the TSXV) as to 40% and Great Northern Oilsands Inc. (OTC: Pink Symbol "GNNS:PK") as to a 5% interest have cased the John Bowen # 2 Well in Morgan County, Tennessee, to 9,557 feet.
1 week after 14 Nov NR the hole is cased.
Calgary, Alberta December 17th, 2007 Montello Resources Ltd. ("Montello") (TSX Venture Exchange Symbol "MEO") announces that logging and evaluation of the John Bowen #2 Well has been deferred until at least mid January, 2008.
Logistical issues have made the delay the only practical choice. Scheduling after US Thanksgiving with travel time to and from the location; length of time to complete drilling, casing and cementing; initial aborted efforts to run open hole logs when open hole logging tools got stuck twice (following recommendations by Halliburton and our own geo-scientists to run cased hole logs); release of the rig to accommodate logging and evaluation; the December 14th acquisition by Park Place Energy of Great Northern Oilsands Inc.'s 5% interest; and the requirement to issue the last Supplemental AFE all contributed to the delay.
This is what I find interesting…logging postponed due to;
1 - length of time to complete drilling, casing and cementing
Casing was completed by 21 November almost 1 month before the NR postponing the logging
2 - initial aborted efforts to run open hole logs when open hole logging tools got stuck twice (following recommendations by Halliburton and our own geo-scientists to run cased hole logs)
Sounds like Halliburton was already on-site prior to the hole being cased
3 - Scheduling after US Thanksgiving with travel time to and from the location
See #2, if Halliburton was already on-site before the hole was cased, what travel time is there? And the hole was cased at least 1 week prior to the American Thanksgiving on 27 November. How much time is needed for logging?
Thoughts and constructive comments are appreciated as always.
SunSeeker