Plaquemines Parish, Louisiana
The operator (Royal "T" Oil) has notified all participants that the Gas Well at Bastian Bay has built to 900 lbs pressure and is increasing at a rate of 100 lbs per day. An Engineering report will be put together in the next few days to determine what further work is required to have a successful well. Apex Resources Group Inc. owns a 6.25% interest in this well and will generate a monthly income of an estimated $15,000.00 after interest and royalty payments. Apex will continue to analyze further gas exploration programs that Royal "T" Oil are developing.
Goliad County, Texas
P.B. Energy Partners Ltd. has informed Apex Resources that EDDE Drilling has confirmed a scheduled move-in date of Monday, April 19. The anticipated drill period to target depth is approximately 14 days on the Manahuilla Creek Prospect in Goliad County, Texas. Apex owns a net revenue share of 1.875% of 75% of the gas well upon completion.
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