Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
26 Mar 2008drilling result▲ GoodMajor
Wellington Maricopa #6 reached 3,550 feet; electric logs indicate a potential 130 feet of oil pay in the Contact Sand, above operator expectations. It is still 'potential' until a production test within about a month; success would lead to Maricopa #7.
18 Mar 2008drilling spud▲ GoodMajor
Sunset's first well, Wellington Maricopa #6, has spudded at Maricopa, targeting 3,600 feet in the Contact Sands. Sunset is earning 50% and pays the first US$750,000 of costs for the two Maricopa wells; a second well follows if this one succeeds.
18 Mar 2008drilling spud● Neutral
Solimar, operator, reports the first Maricopa well, Wellington Maricopa #6, spudded 16 March 2008, targeting 3,600 feet. Sunset funds 100% of the first US$750,000 of costs on the two Maricopa wells, then costs are split 50/50 (a 13 February 2008 variation). Duplicates the company's own spud release.
