Drilling status – The Powell project

6-20-14

Shelf attended another meeting to discuss right of way options this morning.  All land owners were not in attendance so plans were not finalized.  There will be another meeting next Thursday, June 26 with the last landowner.  From this point the different options and cost will be evaluated and a final route for our gas line chosen.

In the meant time, we have been looking at equipment needs for our location.  Next week our condensate tanks and salt water tank will be ordered.  We will begin permatizing (laying limestone) down on our location in the second week of July.

Once we get a route determined and the timing for a pipe line permit approval, if needed,  then we will estimate when first production will occur.