The well reached target depth of 19,085 feet in a record 87 days of drilling, under budget and ahead of schedule. After the analysis of all core and log data, a decision was made to proceed with a completion program, now underway. Second is the original and still very high potential Turner Valley Project just south of Calgary in Alberta. Now a major natural gas development project. We expect substantial production from this area beginning this year.
Applications are in for additional drilling.
Drilling of a second deep exploratory well is planned for this year. The Company also has small producing interests in oil and gas projects in Texas and Alberta. The Company's shares are currently trading below estimated break-up value. Mini cap stock investors are invited to examine Curlew Lake's potential.