All,
Things are progressing on our 4Q11 drilling program. After analyzing the open-hole log on Leonard #4 we perforated yesterday. This morning we swabbed the well (essentially cleaned drilling and completion fluids and solids from the wellbore) and installed production equipment. We'll hook up the power tomorrow morning and begin testing. As a reminder, it could be as long as two weeks before we have a good test on the well. We'll establish a baseline production level then make some treatment/stimulation decisions. I'll get the info out as soon as we're comfortable with it.
We spudded in the second well in the program this morning, the Felix Brandt #12. We made good progress today and should be at the casing point by the weekend. Again, I'll keep you informed of our progress.
I hope everyone finds these updates useful. We won't have huge announcements like a new drilling program every week*, but I'm trying to keep you informed on the day-to-day work that we're doing to build our E&P business. It's not sensational, but this is the kind of work that's required to create real value. Over time I believe the market will recognize it.
(*Nobody does unless they're wildly sensationalizing relatively meaningless developments, but that's a whole different discussion)
Best,
Shannon McAdams
Santa Anna, TX
PS: This is a great article, take a few minutes to read it -
The Energy Revolution That Keeps Carbon on Top: Nathan Myhrvold - Businessweek:
-SM
thanks for the post shannon! keep up the good work. i believe your diligence will pay off for adino and it's shareholders. we must be patient for now!
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