Fellows Energy diskutieren
FELLOWS ENERGY HOT
BROOMFIELD, Colo.--(Business Wire)--Fellows Energy Ltd. (OTCBB:FLWE)("Fellows"), an early stage oil
and gas company focused on exploration and production of natural gas
and oil in the Rocky Mountain Region, issued an update today on its
ongoing work to finance its operations and prepare for drilling and
development.
As previously announced, Thunderbird Energy Corp. ("Thunderbird")
and Fellows have agreed for the expenditure of funds by Thunderbird
for the drilling and completion of three wells to the Dakota formation
on the Weston County project, upon its final acquisition of a 50%
interest in that project. Fellows estimates that the cost of such
drilling will be approximately $3.5 million. Upon the completion of
such expenditures by June of 2009, Thunderbird will receive an
additional 25% working interest in the Weston County project. Fellows
will reserve the option to commence drilling under the previous joint
venture structure if Thunderbird does not commence drilling by May 31,
2008. Thunderbird recently closed a financing facility that includes
funding for the Weston County project. Fellows has been advised that
Thunderbird is planning a seismic program for Q1 of 2008 to be
followed by drilling.
Trade
Volatiles Teil. No Risk no fun.
Fellows Energy
Wann kommt der Ausbruch? Kenner weiß es, aber die Möglichkeit auf einen Peak nach oben ist bei diesem volatilen Pennystock immer gegeben.
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