From rmcdeajm@mailstation.com  Wed Dec 28 09:35:35 2005
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Date: Wed, 28 Dec 2005 10:35:28 -0800
From: "Ricky Jolly" <rmcdeajm@mailstation.com>
Reply-To: bug-followup@freebsd.org
To: bug-followup@freebsd.org
Subject: Change: Up 0.32 (26.67%)

>Number:         91003
>Category:       junk
>Synopsis:       Change: Up 0.32 (26.67%)
>Confidential:   no
>Severity:       serious
>Priority:       medium
>Responsible:    gnats-admin
>State:          closed
>Quarter:        
>Keywords:       
>Date-Required:  
>Class:          sw-bug
>Submitter-Id:   current-users
>Arrival-Date:   Wed Dec 28 09:40:05 GMT 2005
>Closed-Date:    Wed Dec 28 09:52:52 GMT 2005
>Last-Modified:  Wed Dec 28 09:52:52 GMT 2005
>Originator:     
>Release:        
>Organization:
>Environment:
>Description:
 KOKO PETROLEUM (KKPT) - THIS ST OCK IS GOING TO ROCKET
 
 Current Price: 1.52
 Up .32 cents yesterday alone (Dec 27th)
 
 Symbol - KKPT
 
 Watch out the sto ck go crazy tomorrow morning
 
 KOKO Petroleum, Inc. (KKPT) issued an update on its working interest investment in two wells in the prolific Barnett Shale Play located in northern Texas.
 
 Under the terms of the participation agreement with Rife Energy Operating, Inc. (the program's operator), KOKO Petroleum has acquired a minority working interests (approx. 10%) in the drilling and completion of two wells; the Boyd #1 and the Inglish #2 b oth of which have been drilled but not yet completed. The operator is in the process of setting casing on the Inglish 2 and the Boyd is awaiting a sufficient water supply to start the completion.
 
 Due to the heavy influx of major operators in the area (Encana and XTO), scheduling completions and any other types of oil field services has been very difficult. Operators in the area have had to schedule well completions three to four months in advance . This coupled with the fact that Northern Texas has experienced a major drought causing serious shortfalls of local water. Rife, as an alternative, has drilled a water well, which was the source of drilling water for the Inglish 2 and Boyd 1. Rife has f ive wells that have been drilled and are awaiting completions.
 
 The Barnett Shale is the largest natural gas play in Texas. It is presently producing 900 MMCF of gas per day and is considered one of the largest U.S. domestic natural gas plays with sizable, remaining resource potential. The first Barnett Shale wells w ere drilled and completed in the early 1980s by Mitchell Energy of Houston, Texas. According to an in-depth 2004 sector report on the Barnett Shale, developed by Morgan Stanley (MWD), the Barnett Shale play is estimated to hold reserves in the non-core a rea that could be as high as 150 BCF per 1,000 acres. The report estimated that because of the amount of gas available in the area, successful wells in the Barnett Shale should be economically viable in almost any gas price environment.
 "The well logs are very encouraging, as were the wells they offset. Our operator is very resourceful and we should have these wells completed by the end of the year," says Ted Kozub, President of KOKO Petroleum, Inc.
 
 On the Corsicana front, KOKO and its Partner have applied for the drilling permits to commence the first 15 Nacatoch wells, casing is being delivered to the site and drilling will commence upon receipt of the permits.
 
>How-To-Repeat:
>Fix:
>Release-Note:
>Audit-Trail:
State-Changed-From-To: open->closed 
State-Changed-By: linimon 
State-Changed-When: Wed Dec 28 09:52:31 UTC 2005 
State-Changed-Why:  
Sorry, you missed the even number by 3. 

http://www.freebsd.org/cgi/query-pr.cgi?pr=91003 
>Unformatted:
