In summary the working interests in the Wilson Prospect are as follows: Golden Gate Petroleum with 47.375%; Pantheon Resources with 27.625%; Cinco Resources with 15% and Medina with 10% - subject to final documentation.
An exploration well is expected to spud in mid-February and be completed by the end of March. A Parker rig is currently being rigged up on location at the Wilson pad. The Wilson well will be targeting the upper Frio system at similar depths to existing production on Padre Island such as at La Playa Deep and La Playa Shallow to the north, and Dunn Peach #6 to the south. This is a different system to that which was tested at Plum Deep.
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