Monday, March 21, 2011

Lodgepole -- Oil for America -- The Jury Is Still Out -- North Dakota, USA

Finally, after coming off the confidential list a month ago, Oil for America is reporting production for:
  • 19258, 75, Oil for America, Zastoupil 22-1, Wildcat, Lodgepole
The "75 barrels" is the production for one (1) day in January. My enthusiasm for this well (and the others of this group) has waned, but I am still waiting for another couple months of production to see what "they" have. But the Lodgepole is supposed to be a reservoir (a pool of oil) that is sequestered and if hit will produce flowing oil without fracturing. But 75 barrels on one day is not encouraging.

But I am waiting for a) a few more months of production; and/or b) a press release from the company explaining their results and future plans.