Re: One well log per week?
in response to
by
posted on
Mar 29, 2008 04:18AM
Investor Inquiries: 604-649-0080
This was also mentioned and is of great interest to me:
The company recently leased 190 acres in the area, according to company news statements, and began a second, shallower well nearby. Montello plans to encircle the area of the 2002 gusher with similar shallower wells.
In 2002, a well one and a quarter miles south of the company’s experimental well gushed from the ground with such high pressure that it blew out the rig and eventually caught fire.
More than 500 barrels an hour of light crude oil, the equivalent of 12,000 barrels a day for two days, flowed from the well during the blowout before it could be capped, according to records.
ecce