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[QUOTE]Originally posted by HitMe101: [QB] Thanks Mach,some news for today... Press Release Source: Fidelis Energy Inc. ''Archer-Wildlands #1'' Well Drilling Ahead at North Franklin Monday June 27, 9:00 am ET TUCSON, Ariz.--(BUSINESS WIRE)--June 27, 2005--Fidelis Energy, Inc. (OTCBB:FDEI - News), today announces that the "Archer-Wildlands #1" well has spudded and is drilling ahead at the North Franklin Project, Sacramento Basin of California. The well was spudded on June 25th is a close offset to the "Archer-Whitney #1" well that has been in production since March 2005. This is the second gas well to be drilled in the North Franklin gas reservoir under the 2005 development plan. The Company is optimistic that the Winters sand gas pay zone will be thicker at this location than the "Archer-Whitney #1" well, based on 2D seismic and geological mapping of the formation. Drilling to the 8,000 foot depth should take 8-10 days following which the well will be completed and tied-in to the pipeline. Fidelis receives PG&E-Citygate gas prices for sales and was last quoted June 22 at $6.72 per mcf. [/QB][/QUOTE]
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