9d. QUESTION:
When was the well mentioned in the November 23rd release reworked? Investors know how long it has been doing 65 barrels/day?
ANSWER:
Regarding The Scanio/Shelton No. 5 – the increase from a nominal amount of gas to 65 barrels a day is significant because this is a new zone that has been perforated very recently. The well is not on pump, it is not producing water, and has been on production less than a week.
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Why are the Portrush investors not aware of the re-working
of these wells on a more timely basis?
Each move up to a higher paying zone would create more
interest if informed sooner for each instant