|yes, the company appears to have some property where they can drill in the bakken. A few years ago some of the guys on the Canadian side were speaking quite highly of the prospect in the bakken in coastal's lease.|
more important. Currently WSEG is testing our property and has grand plans. 600 wells. Interesting the company has no press release about it.
On the western Gas site, it's clear to see that they're going to drill starbucks east property.
They will own 100% until the drilling is paid for, then coastal will get a 20% interest back.
It appears that they plan to drill up to 600 shallow gas wells.
This is great news. Coastal hasn't announced it, but WSEG has, and it seems this income stream alone is worth more than the $10M market cap of the company, no?