American Petro-Hunter, Inc. provide the 2012 development drilling program at the Company's two Oklahoma Mississippi Lime Projects. The schedule includes plans for 5 more horizontal wells with two slated for the North Oklahoma Project leases and three on the South Oklahoma Project.
The proposed schedule equates to roughly one well every other month as the timeline for drilling, completion and fracking of the wells through to commercial production has been demonstrated by our first three wells as requiring approximately 60-80 days. Several shallow vertical offset wells are also possible dependent upon rig availability and partner participation. The Payne County leases have a minimum of eight more horizontal locations to drill, two of which are planned (at a minimum) for 2012.