chief you've been a great news resource for a couple of years now, however, when you look into your crystal ball can you come up with progress on these permits, such as spud dates completions and well production
Just back from vacation as todays great update arrived.
AMGZ is a money maschine.
The first year production of the Christianson 3F well, which is a representative AMGZ Spyglass well, reveals payout in about 1 year from initial production. The Bakken well succes is highly promising, and the add of natgas revenue is excelllent. Although the natgas from AMZG wells only is about 10% of total carbons on a BTU basis, the components of ND natural gas, including low-value methane and lucrative butane, a so-called "natural gas liquid" highly prized by chemical makers, are worth roughly $13 per million cubic feet of natural gas before taxes and transportation fees, at current prices.
It appears AMGZ is ready for raising more money or accelerated drilling (3 rigs) and maybe further acquisition of land.
AMGZ has applied for pooling in West Spyglass Township 163-16 N 102 W - the Stanley 3F was the first in that section, and was succesful. We are also participating with a minor working interest in some West Spyglass wells in township 162N 102 W drilled and operated by Murex and Mountainview.