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The Biamante project marked the first acquisition for Powder River Petroleum International Inc. in 2007. Like Weesatche, this project is also located in the Powder River Consolidated Field in Goliad County, Texas. Powder River Petroleum International Inc. has scheduled a 20 well drilling program for this property. Production on this property has been projected to be 114,000 mcf gas per month by the end of 2008. Completion of this project is estimated to take approximately two years, based on average working conditions. Drilling of the first well was completed in August of 2007.
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This website may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct. |
