The rig is scheduled to drill the first two wells back to back and then continue on drilling five additional wells totaling 7. MSEV is currently negotiating on a participation interest in a further five wells on this project. Each well will take approximately 7-10 days to drill and 4-6 weeks to complete. The drill rig is booked to complete 7 straight wells on this prospect. Bernie McDougall, President of MSEV stated, "It is great to be drilling again so quickly after announcing a new major oil discovery in Canada for MSEV. This multi-well drill program is very exciting for management and for MSEV's shareholders, as it is in a world-class region with major infrastructure already in place. This program will generate a steady flow of news for MSEV as each well should take approximately 7-10 days to drill. This program could carry right through the to the end of the year, at which time we are hoping to have our two other multi-well drill programs starting up, giving MSEV the possibility of simultaneously drilling on 3 independent multi-well drill programs."
MSEV is also currently conducting due diligence on several other potential projects which include one located in Saskatchewan, Canada, a multi-well oil target in Alberta, Canada, an additional multi-well prospect in Texas and a multi-well program in Oklahoma. We are hoping to be able to have an announcement on one or more of these prospects shortly.
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