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ORRI |
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The Thungo 13 well on ACOR's ORRI spudded on January 21st and was drilled to a Total Depth of 3733 feet. herein called ACOR) (OTCBB:AUCAF) reports that the JV partner of ATP-299 has announced that the Endeavour 40 oil well, the Endeavour 26 oil well, the Endeavour 34 oil well, the Endeavour 39 oil well and the Endeavour 17 oil well have all been cased and suspended as future oil production wells on ACOR's ORRI on ATP 299 located in the prolific Cooper/Eromanga Basin in Queensland Australia. As part of its investigation of the claims asserted by MHLP, the Trustee engaged an independent petroleum reserve expert to analyze the value of the Partnership's ORRI assets, as well as the projected economic consequence of the Pioneer-Woodside Farmout to the value of the Trust's interest in the Partnership. |
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