http://cnrp.ccnmatthews.com/client/j...

"The farmout agreement stipulates that Junex will start the drilling of an exploration well on the land before July 2008. Such exploration well will target the Trenton Black-River formation and Junex will provide the partner with all geological and logging information derived from the exploration well. Such information will be used by the partner in deciding whether or not to exercise the option to perform the work commitments."

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My best guess is that JNX WILL not drill a well in the 55,000 acre parcel before July, 2008.

JNX should use Packer's Plus technology to fracture stimulate a horizontal well. They are probably converting their two drill rigs to be able to drill horizontal wells right now.