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Message: Re: Forest Oil

Apr 01, 2008 12:10PM

Apr 02, 2008 12:04PM
1 well on Junex land

1 well on Gastem land

5.2 tcf resource calculation, 4.1 tcf for Forest, 9 to 13% to Junex (0.13 * 5 tcf)

3 horizontal wells to be drilled this year very important to project

I have read press release dated April 1, 2008 from Gastem, Questerre Energy, and Junex which give an erroneous impression that both wells are on Gastem land.  The Utica shale is uniform across 339,000  acres (269,000 net to Forest).  If the wells are spaced at 160 acres the total project will be 2000 wells for a a total capital expenditures of 4 to 8 billion dollars!
Icon president SP

Apr 03, 2008 07:17AM

Apr 03, 2008 07:57AM
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