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Permalink Reply by Skip Peel - Mineral Consultant on December 1, 2009 at 9:27

This is the first report posted to the Internet concerning Ellora that I can recall. Ellora Energy holds HA unit orders in Sections 20, 28, 29, 32, and 33 of 10N - 14W, Converse Field.

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Permalink Reply by RBH on December 1, 2009 at 11:05

skip, when they were planning the IPO, they posted a lot of public data and reserve reports showing over a couple years large reserve write-downs for their James Lime and had postings through the big Chesapeake offer which fell through. Do you know any details about the farm-out with EOG for Haynesville or results?

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Permalink Reply by Skip Peel - Mineral Consultant on December 1, 2009 at 11:29

Thanks, RBH. I probably missed the reports you mention because I failed to add Ellora Energy to my computer alerts. Duh! No, I don't have any details on the EOG farm-out but would be curious. EOG is a capable shale operator. Was the EOG farm-out covered in a press release? I'm sure the members in Sabine Parish and across Toledo Bend in E. TX. would be pleased to see EOG start drilling in these sections.

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Permalink Reply by RBH on December 1, 2009 at 11:40

I am looking for the filing..I recall it was about 5000 acres out of the 50-55,000 acres they say they have Haynesville Potential in -- in the area you mentioned-- found it

http://sec.edgar-online.com/ellora-energy-inc/s-1a-securities-regis...

Citing uncertainty in the economy and financial markets, Chesapeake withdrew its offer in October 2008. With respect to our Louisiana acreage, we entered into a farmout agreement with EOG Resources, Inc. ("EOG") in June 2009, which covers approximately 5,000 net acres of our deep rights in western Louisiana. In connection with this agreement, we received $2 million in cash and will convey a 70% working interest in this acreage to EOG. Subject to certain drill-to-earn requirements, our remaining 30% working interest will be carried on the first six wells drilled. Drilling of the first well is expected to commence on or before August 1, 2009.

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In order to fund the development of our Haynesville Shale acreage in East Texas, we are actively pursuing joint venture opportunities with third parties for our Texas acreage. With respect to our Louisiana acreage, we entered into a farmout agreement with EOG in June 2009, which covers approximately 5,000 net acres of our deep rights in western Louisiana. In connection with this agreement, we received $2 million in cash and will convey a 70% working interest in this acreage to EOG. Subject to certain drill-to-earn requirements, our remaining 30% working interest will be carried on the first six wells drilled. Drilling of the first well is expected to commence on or before August 1, 2009.

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Permalink Reply by RBH on December 1, 2009 at 11:47

if you assume well cost of $8,000,000--a 30% CARRY ON THE FIRST SIX WELLS IS OVER $14 MILLION DOLLARS

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Permalink Reply by Skip Peel - Mineral Consultant on December 1, 2009 at 12:00

The five sections that Ellora has under HA unit order obviously do not add up to 5,000 net acres and I don't have the time at the moment to conduct a search but I do note a recent EOG HA horizontal well permitted 11-16-09. The Whitney Corp. 33H (240466) has a surface location in S28 and Planned Bottom Hole location in Section 33 of 19N-14W. It should be an interesting well for a number of members to track.

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Permalink Reply by RBH on December 2, 2009 at 4:40

Skip..believe the Whitney was previous Winn Exploration acreage acquired by Ellora..thus part of 5000 acre farm-out with 30% carry Ellora by EOG

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Permalink Reply by Skip Peel - Mineral Consultant on December 2, 2009 at 5:10

RBH. Do you have any information regarding the location of the remainder of the 5000 acre EOG farm-in?

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Permalink Reply by RBH on December 2, 2009 at 5:17

quick answer is to look at map on Ellora's website--this map shows Texas and Louisiana

http://www.elloraenergy.com/ops_texas.shtml

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Permalink Reply by RBH on December 2, 2009 at 5:18

I will try to get on sonris for more info later

Permalink Reply by HS on December 3, 2009 at 17:13

Ellora and EOG have just finished there joint well in Shelbyville . I think they completed frac
Monday or Tuesday. Spoke with Ellora yesterday , they kinda hinted around that it looked good
but we will know soon. Also Ellora thousands of acres in eastern shelby county thats hbp

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Permalink Reply by jffree1 on December 3, 2009 at 12:01

Ellora is getting attention:

http://www.fool.com/investing/value/2009/12/03/who-wants-to-be-a-ha...

Who Wants to Be a Haynesville Heavyweight?
By Toby Shute
December 3, 2009

On Monday, a Colorado-based exploration and production outfit named Ellora Energy announced that it has retained Bank of America to help shop the company around. While the company has toyed with the idea of coming public for years now, Ellora is privately held. So why am I bothering to tell you about this development?

Simple: Ellora has a sweet-looking position in the Haynesville shale. We could have a serious bidding war on our hands...

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