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CSJJ Expanding into the Oil Business
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[QUOTE]Originally posted by Rasica: [QB] From my reading they are not buying the old wells. CSJJ dished out $475,000.00 to drill a new well 3/8 of a mile from a well that produces 600+ BOPD. EOGI just spent over $675,000.00 to drill the Empress well on the Arcadia Project in Alberta. That well was just tested at 500 mcfd NG and will be on line shortly. So in comparison, $475,000.00 does sound about right for the new well and I hope they hit it big. Though they are not going for NG which will be a short commodity this winter, Oil runs a close second. http://www.emersonoilandgas.com/prospects/prospect_acadia.htm GLTA :) [/QB][/QUOTE]
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