To date, the majority of development from the 2006 Development Program has been focused at the Shiloh project, with more than 35 wells having been drilled at the project so far this year. Eighteen of these wells have been connected to the system and are producing gas. The remaining seventeen wells are expected to be fraced in the next two weeks. Current gas production at the project is 1.25 to 1.3 MMCFGPD. Under the 2006 Development Program, Admiral Bay is planning to drill 110 new wells at the project.
At the Devon project, Admiral Bay has drilled 5 new wells at the project that are currently awaiting completion. Drilling is set to begin at the Mound Valley project this month, with three drilling rigs currently active on the projects. The tap at Mound Valley is in the final stages of being completed and a gathering system is being installed to the existing wells. Completion of the system and initiating of sales into the Southern Star pipeline is expected to begin the 1st week of June.
Admiral Bay Resources is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.
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