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Permalink Reply by Skip Peel - Mineral Consultant on December 16, 2022 at 6:14

Congratulations, John.  The initial well is a good one.  There is spacing approval for more wells that have not yet been permitted.  Considering the performance of this first well, I think Aethon will drill more.  When asking questions here on GHS is is advisable to list the section-township-range location of your minerals.  The state database is organized on s-t-r and it makes accessing the data easier.  Do you know which section you have an interest in:  16? or 21?

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Permalink Reply by John Duck on December 16, 2022 at 6:25

21

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Permalink Reply by Skip Peel - Mineral Consultant on December 16, 2022 at 6:34

Aethon has spacing authority for 3 wells producing from the south half of 16 & 21 and 6 wells producing from 16 & 21.  Those wells are now approved to be permitted whenever Aethon is ready to drill them.  That's more wells than will be drilled at one time.  Maybe 3 to 4 at a time until the section is fully developed.  The capacity of pipeline serving 21 will dictate the number of wells drilled and when they are drilled.

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