Blue Quail Resources and their president Joe Gregory are well respected members of the oil and gas community. As Superior continues to grow, we will look to establish relationships with valuable companies such as Blue Quail. |
Cory is way ahead of where I thought he would be at this point. You might not see fireworks from him Tuesday, but when he tapers, it will be amazing what he does. |
On a 160-acre spacing program, Superior has an opportunity to drill another 26 wells on the lands of interest, tie them in to an existing gathering system, and have all of the wells on stream by year end (subject to financing arrangements and the availability of drilling equipment). |
This acquisition will generate immediate revenues for our company. In addition, we believe many of the presently non-producing wells that are part of this transaction have considerable potential. We are focused on creating shareholder value and are quite confident this acquisition from Mr. Foster does just that. |
We've got him in a strenuous flexibility program. The flexibility is definitely paying off for him. He's got his sights set on state. |