Capex Data
GeoPetro are forecasting capital spending of up to approximately $26.2 million during the year 2008, allocated as follows:
Madisonville Project, Madison County, Texas
Approximately $13.5 million may be expended in the Madisonville Field area as follows: $1.5 million toward the fracture stimulation and hook up costs of the Wilson Well and $12.0 million toward the drilling of a deep well.
Central Alberta Project
Up to approximately $2.7 million may be expended to drill an exploratory well in the Swan Hills Prospect.
Cook Inlet, Alaska
Up to $5.0 million may be expended toward the drilling and completion of one exploratory well and an additional $2.0 million to be utilized for land acquisition and geologic and geophysical costs.
Indonesia
Up to $3.0 million may be expended toward the drilling, completion and testing of wells as well as the acquisition of seismic data in the Bengara II PSC as well as acquisition costs associated with new ventures.
Future Plans
No data yet.