In other news the partners recently spudded the Gamble 32-1 well, its fourth well in the area, and located approximately 1 1/2 miles to the southwest of the JB Barr-1. The Company expects this well to be at total depth by about mid-November.
In Wilbarger County, Texas, Cadence is in the final stages of completing negotiations for a 4,256 acre option position on the Waggoner Ranch. Plans call for a full coverage 3-D seismic survey to begin in late December, 2003. Currently the Company has interests in five producing oil wells on the Ranch.
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