🕐09.11.10 - 02:54 Uhr

Rosetta Resources 3rd Quarter Conference Call Summary on its Alberta Bakken Prospect




Please find below a summary on the 3rd quarter conference call from Rosetta Resources that was held today.


  • Current acreage position is 300k
  • Currently drilling third well of eight-well 2010 vertical program
  • First and second wells logged and cored

o   These wells are approx 12 miles apart from the three wells drilled last year and 12 miles from any other wells drilled in the area by others

o   Confirms oil saturation in all four zones (Banff; Bakken; Lodgepole and Nisku)

o   System has lots of oil in place

o   Banff and Bakken formation is thicker in these two wells than the three wells drilled in 2009

o   Pressures are fairly consistent

  • Rig to remain in field through winter to complete drilling
  • Stimulation and well testing to begin in spring to help evaluate horizontal drilling play on all eight vertical wells
  • Remain committed to disciplined approach in fully evaluating potential
  • Acreage in the area is currently leasing for anywhere between US$1000-$1800 per acre
  • No further leasing at this time due to high lease prices

 Regards

 Primary Petroleum Corporation

www.primarypetroleum.com

 This message is intended only for the use of the intended recipients, and it may contain information that is privileged and confidential.  If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, such reader is hereby notified that any review, retransmission, conversion to hard copy, copying, circulation or other use of this message is strictly prohibited and may be illegal.

If you have received this communication in error, please immediately notify us by replying to the message and deleting it from your computer.

Primary Petroleum Corp
Suite 800, 744 4th Avenue SW
Calgary Alberta T2P 3T4
Canada

You are subscribed to this mailing list as .

Please click here to modify your message preferences or to unsubscribe from any future mailings.

We will respect all unsubscribe requests.





Products & Services | Jobs