Share news0
Paul Ritchie posted in Finance on April 9th, 2006
Another oil share newsletter article on which those who prefer the value of their dollar to fluctuate faster than the international exchange rate may like to do their due diligence.
Remember, I don’t endorse anything, I just bring you the stories. If you have a bit of loose market fodder hanging about at 1.5%, you might like to throw it at these shares. Do your homework, my money’s staying in my pocket. Let me know if you get rich.
KOKO PETROLEUM (KKPT) - This is their #1 pick for next week!
Our last pick gained $2.16 in 4 days of trading.
Current Price: $1.10
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.