hillzman--
All indications are that there have been no new NOIs yet. However, I think we can expect some soon. One or two at a time might indicate that we are exploring or proving up reserves. Three or four at once might indicate that we are concentrating on a known or suspected concentrated area for quick production. 5-10 filed at once might indicate that Wilshire funding is in place and we are funded to drill/complete wells very efficiently--production line style.
Per a previous "Satellite Surveillance" run, the current drilling in Montgomery County is probably reopening one or two wells that were previously drilled--therefore a new NOI is not needed. There will be a Completion Report required after the well is completed though. It will be interesting to see if they are going for an oil or gas pay zone--potentially both could exist at different depths there. Similarly, reopening, reworking and revitalizing older abandoned wells does not require any NOI either, but the indications will be in production numbers and number of producing wells (eventually).
After the reopening (or opening new pay zones) of the two wells in Montgomery County, I would expect some new drilling in either Woodson or Montgomery county "toot sweet". JIMO.
Good luck to us all...let's find some oil.
Finding forgotten oil and gas is as sweet as finding forgotten money in an old coat! Only worth a lot more! LOL
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(long, strong and very pink)
