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Keyes Dome - Action Plan

Appraisal:

  • Re-entry at the Jenkins well (drilled to a depth of 4,880)
  • Second well on second section
  • Above in 3 to 4 weeks beginning May 2013


Development:

  • All equipment for oil production and storage has been secured on contingency
  • Wells # 3 to 5 drilled one per section per month
  • Targeting 1,000 bpd by October 2013


Commercialization:

  • National Cooperative Refinery Association (NCRA) collects and refines all crude oil produced in Oklahoma and Kansas
  • Trucks dispatched on required intervals load crude from well site holding tanks
  • Well operator monitors loading while NCRA records and pays on monthly figures
  • NCRA posts a daily price for oil purchased