"We can't allow things that are inaccurate to stand." — The Word of Our Dan, February 19, 2008.

Tuesday, December 06, 2011

Money can't buy you sense

A quick reminder of what sound advice and decision-making you can get for $2.3-million: a $20-million make-work project in the governing party's prime target-hold district:

In May 2010, Nalcor announced that the first well of the Parsons Pond Drilling Program, Nalcor et al Seamus, which was started on February 16, 2010, reached the planned total drilling depth of 3,160 meters. Testing on this well was completed in January 2011.

In December 2010, Nalcor announced that the second well of its Parsons Pond Drilling Program, Nalcor et al Finnegan, which spud in early September, has reached total drilling depth of 3,130 meters. Natural gas was encountered during drilling. The well is currently suspended as the data is reviewed and next steps determined.

On February 17, 2011, Nalcor and its partners announced their intention not to pursue drilling of Nalcor et al Darcy well in the Parsons Pond onshore exploration program.



Post a Comment

Subscribe to Post Comments [Atom]

<< Home