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Previously,
we
successfully completed a drilling
program and drilled 6 wells. In addition, we have an
interest in 3 horizontal wells, which were previously
drilled by our former farmout partner, and an interest
in another 2 wells we acquired. Since then we have
been evaluating the
options for production available to us to determine
the
best course of action. Drilling on 80% owned lands
has opened new avenues for testing and further
development of the Sawn Lake project. The focus of our
drilling program
is to define the heavy oil reservoir to establish
reserves and to determine the best technology under
which oil can be produced from the Sawn Lake project
in
order to initiate production and generate a cash flow.
We
are
currently in the process of evaluating various enhanced
recovery technologies for a test well project located
on
our Sawn Lake oil sands property.
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