- $20 – 45 million in the
Tuscaloosa Marine Shaleto drill 4 – 8 gross (2 – 4 net) wells
- The Company has participated for a 4.5% non-operated working interest in the Anderson 17H-1 well in
Amite County, Mississippi. The well, which was drilled with an approximate 7,300 foot lateral, is in completion phase with initial production expected early in the second quarter. For the remainder of 2012, the Company currently expects to participate in one to five additional non-operated wells for a small working interest and two to five operated wells with an approximate blended average working interest of 60%. The first operated well is expected to commence in early May. With continued success, the Company will accelerate development in the play at the appropriate time.
- Source: http://phx.corporate-ir.net/phoenix.zhtml?c=83169&p=irol-newsArticle&ID=1664136&highlight=