Portrush Petroleum Corporation

Oil & Gas Company

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Message: Force Pooling

Force Pooling

posted on Apr 05, 2007 08:26PM
Due to leasing problems the drilling has been delayed for many years.
The leasing problem was resolved through "force pooling" in February, 2007.

Force Pooling
Means parties have been offered the option to participate in the drilling of the wells in the unit, but to date one or more of such parties have refused to participate by bearing their proportionate shares of the costs and risks of drilling or operating the wells.

Could this mean Portrush is finally going to play hardball with Range.

PORTRUSH ENTERS INTO LETTER AGREEMENT WITH RANGE (04/24/00)
Portrush Petroleum Corporation has entered into a letter agreement with Range Petroleum Corporation for the exploration and development of an additional ten Silurian reef prospects in Southwestern Ontario. Portrush will conduct seismic programs on the prospects and by drilling each prospect to a depth sufficient to evaluate the Silurian Guelph formation, may earn 50 per cent of Range's interest in the prospects. Range currently holds 100 per cent working interest in the prospects. Range will operate the program and provide Portrush with technical support. Portrush is a resource issuer active in oil and gas exploration and development.


Could this also mean Portrush may finally play hardball with Centrica.
They are the ones screeeewing us over in Michigan with all our capped wells.
Schmude LaTorre 1-20, Spens 1-21, and the Werderman 1-21

Still watching

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