Updated BEDFORD ENERGY DD !!!
( Production numbers for each separate well are expected to be announced in January!!!!)
Since July 06 company has launched aggressive drilling program including those 7 wells in EAST CHANDLER:
Grace 1.....TD 5,111 ft....finnished July 7, now producing!
Grace 2.....TD 4,923 ft....finnished December 27, completion started
Grace 3.....TD 5,150 ft....finnished August 2, now producing!
Grace 4.....TD 7,152 ft....Salt water disposal, finnished Sept 9
Grace 5.....TD 4,735 ft....finnished Sept 27, now producing!
Grace 6.....TD 4,722 ft....finnished Sept 18, now producing!
Warren 1-14.TD 6,171 ft....finnished Oct 2, now producing!
According to Shareholders report of October 11 the revenues shall be available even this year already.
According to the same interview of October 10, Bedford Energy should approach AMEX in Q1/2007.
In October 31, BFDE has acquired the
- Jansen #1A Oil and Gas Property in Karnes County, Texas. The acquisition includes a 138-acre lease, a well, and ancillary equipment. Bedford intends to re-complete the well beginning November 10, 2006 for gas production. Bedford is also acquiring additional nearby leases in Karnes County, Texas.
November 8, BFDE acquired a
- 12.5% working interest in the Douthat #1 well and a
- 12.5% interest in 1,137 acres known as the "East Sherman Prospect," both located in Grayson County, Texas.
OTHER RUNNING ACTIVITIES
- Bedford Energy Equipment LLC - subsidiary of Bedford Energy, is starting to have the results in its activities of re-selling of used oil equippment from abroad to the USA.
- Q1/2007 planned development in already acquired addittional leases in EAST CHANDLER
- Q1/2007 planned multi-well drilling in already owned leases in PISTOL RIDGE
- At these days Bedford Energy is running :
1) aggressive exploring acquisitions
2) consideration of mergers
3) consideration of joint venture proposals
