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[Dcciv-dev] FWD: Watcher news
From: |
Shane Frey |
Subject: |
[Dcciv-dev] FWD: Watcher news |
Date: |
Sat, 1 Apr 2006 18:59:21 -0060 |
There is a Big PR Campaign running ALL Weekend!
Get KKPT First Thing, This Is Going To Explode!
Check out HOT NEWS!!!
Monday should really move!
KOKO PETROLEUM (KKPT) - This is our #1 pick for next week!
Our last pick gained $2.16 in 4 days of trading.
Current Price: $1.18
5 day expected price $2.10
This has been a great producer in our last PR Campaign
VANCOUVER, British Columbia--(BUSINESS WIRE)--March 17, 2006--KOKO Petroleum,
Inc. (PINK SHEETS:KKPT - News) has now completed two wells. The wells have now
been equipped for production. The first two days resulted in the recovery of
water from the formation and the oil cut (percentage of oil to water) has now
increased substantially. The water should be eliminated within a few days.
Production tanks and separator are being installed
KOKO Petroleum, Inc. (PKKPT - News) announced today that it has revised its
Letter of Intent with JMT Resources, Ltd. Fort Worth Texas regarding the
Development of JMT's polymer flood pilot program on its leasehold located in
Corsicana, Texas.
The previous agreement focused only on the pilot program for the polymer flood
in a specific area of JMT's acreage. The revised agreement gives KOKO the
right, via a master joint venture, to participate in all of JMT's acreage in
the Corsicana Field which totals 7,838 acres. As mentioned in previous
releases, this leasehold is the oldest oil field in Texas and was discovered in
the 1890's by a company that eventually became Mobil Oil.
Recent geological analyses indicated there are several zones under the Nacatoch
zone (where the polymer flood is being developed) which are oil bearing and
have an excellent possibility for commercial production. These zones include
the Pecan Gap, Austin Chalk and Wolf City. The joint venture plans on shooting
3D seismic over portions of the Field to better understand the potential of
these zones and corresponding reserves. Subsequently, an aggressive horizontal
and vertical drilling plan will be implemented to capitalize on the seismic
findings.
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