FRV - Fall River Resources

[forro]

What do you think?

 

[surfingman]

ASX shares on offer 28,624,800
also listed on TSX

Operations in US and Canada:

USA
Sprowl Gas Field - Oklahoma USA
Baxter Oil Shale - Green River Basin - Wyoming USA
Green Canyon
Flaming Gorge

Canada
Sunken Lake - Alberta Canada
Lake David - Alberta Canada
South Wildwood - Saskatchewan Canada

Is producing gas from:

-Baxter with 1 well 25% - 15% interest, cant find production rates.
-Spowl with 5 wells as far as i can see with a 20% interest producing gas 670 mcf/d and oil 15bbls/d

I only noticed this one today, raised 2.32 mil on private share offers this year.

Market Depth: Not many buyers but plenty of sellers 7.0 Bid 7.6 Offer

Will check it out further, not a very good site for finding up to date relevant information is this the American way of business? http://www.fallriverresources.com

 

[DAZT49]

Is anybody still on this thread?
I am interested infinding out what stage FRV .
I know it is producing, but why is the SP only 8c??

 

[moses]

SP still only 8c, but up 42% today on news...

FOR IMMEDIATE RELEASE

Date: 24th August 2007 ASX Symbol: FRV

OIL RECOVERED ON PRODUCTION TESTING FROM WEST FLORENCE-1,
WEST FLORENCE PROJECT AREA, COLORADO, USA


Fall River Resources Ltd has been advised by the operator Mountain Petroleum
Corporation that the drilling rig on location at West Florence-1 has carried out
production testing operations over the Codell Sand and Lower Niobrara Fort Hays
equivalent following fracture stimulation of these oil bearing zones. During the
swabbing operations on this zone, increasing oil has been recovered on successive
swabbing runs with 25 barrels of oil recovered from the well over the 12 hour
swabbing period with associated gas flow.

Following the success of the fracture stimulation operations above, fracture
stimulation of the mid Niobrara oil bearing zone will commence on 27th August
2007, as is usual practice to determine the additional oil flow rate that this
zone can produce and contribute to the overall production of the well on
pump.

The remaining third, target, the Pierre Shale, also yielded good oil shows
during drilling with extensive fracturing and will be assessed at a later date
with a well specifically targeted as a production test.

The adjacent oil producing wells of the Florence Oil Field required fracture
stimulation to produce commercial quantities of oil.

The total gross leasehold of 25,000 acres provides the participants in the West
Florence project with a significant leasehold position.

West Florence-1 is the first well to be drilling in the West Florence Oil and Gas
Project and its associated leasehold of 12,000 acres located in the Florence sub
basin of the Denver basin. The leasehold is approximately 160 kilometres south of
Denver, Colorado, USA.

 

[moneymajix]

Current share price - 6.3c


5 October

ANNOUNCEMENT TO ASX
WEST FLORENCE PROJECT AREA, COLORADO USA UPDATE : WELL TO COMMENCE PRODUCTION

Adelaide Energy Limited has been advised by the operator of the West Florence Project Area that following
successful swabbing operations at the West Florence-1 well, it now plans to place the well on production with
installation of a pump scheduled over the next few days.


http://www.asx.com.au/asxpdf/20071005/pdf/314z02f8qxj5dt.pdf

 

[System]

Fall River Resources (FRV) is now known as Earth Heat Resources (EHR).

Discussion of this company continues in the EHR thread, which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=20657

This thread has now been closed.