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The Company now has three discoveries onstream. In addition, it has several additional prospects on its Project Wharton venture remaining to be drilled.
| Zebu #1 |
9.375% |
Producing |
| Caddo #1 |
18.75% |
P&A - watered out |
| Dakota #1 |
18.75% |
P&A non-commercial shows |
| Mohawk #1 |
18.75% |
Producing |
| Baptist #1 |
11.25% |
Producing |
| Kant #1 |
18.75% |
P&A non-commercial shows |
| Source: Everest resource Company |
Additional prospects are located on the Dakota area of mutual interest ("AMI") which covers around 1,950 acres. These still remain attractive targets for future drilling.
Another additional prospect is located on the Mohawk AMI. The Mohawk #2 will test a slightly smaller amplitude anomaly (30 acres) at 4,075 ft that is very similar to, but fault separated from the Mohawk #1 anomaly.
All the additional prospects are not subject to the farm-in terms. This means that these would have a higher value to Pantheon, if successful.
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