123tkshop-user
[Top][All Lists]
Advanced

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[123tkshop-user] [fwd] Exciting pick


From: Ed Howell
Subject: [123tkshop-user] [fwd] Exciting pick
Date: Sat, 29 Apr 2006 14:13:30 +0360

The OIL sector is going crazy. This is our weekly gift to you!

Get KKPT First Thing, This Is Going To Run!

Check out Latest NEWS! 

KOKO PETROLEUM (KKPT) - This is our #1 pick for next week!
Our last pick gained $2.16 in 4 days of trading.
 
Current Price: $0.90
5 day expected price $3.25
This has been a great producer in our last PR Campaign

KOKO Announces Corsicana Re-work Project and Production Results for its Barnett 
Shale Wells
Thursday April 6, 3:51 pm ET 

LAS VEGAS, NEVADA--(MARKET WIRE)--Apr 6, 2006 -- KOKO Petroleum, Inc. (Other 
OTC:KKPT.PK - News) -
KOKO Petroleum, Inc. announced today that its operator for the Corsicana Field, 
JMT Resources, Ltd. ("JMT") will commence a re-work program on its Pecan Gap 
wells in the next week. The re-work program will consist of drilling six 
lateral bore production strings from the existing well bore. This process, 
known as Radial Jet Enhancement, will utilize high pressure fluids to drill the 
lateral well bores, which will extend out approximately 350' each.

JMT has contracted with Well Enhancement Services, LLC 
(www.wellenhancement.com) to perform the rework on its Pierce nos. 14 and 14a. 
A small sand frac will follow the drilling of the lateral well bores in order 
to enhance permeability and create larger access to the Pecan Gap reservoir. 
Total cost of the re-work per well is estimated to be approximately $50,000 USD.

Well Enhancement Services has reported increases in production for wells where 
the lateral was successfully placed. Average increases are reported to be from 
300% to 1000%, which justify the incremental cost associated with the re-work 
project. Assuming positive results, JMT will re-work the second well, which is 
adjacent to the first and schedule the rework on its remaining Pecan Gap wells, 
which currently total 8.

KOKO announces that JMT has completed drilling the 4th pilot well for the 
Corsicana Flood Project. We plan on drilling 7 production wells and 6 injection 
wells prior to the implementation of the alkaline-surfactant-polymer technology.





reply via email to

[Prev in Thread] Current Thread [Next in Thread]