Question-and-Answer Session
Operator
(Operator Instructions) And your first question comes from the line of Wayne Andrews of Raymond James.
Wayne Andrews – Raymond James
Good morning Gary and congratulations on the nice quarter. I have two questions for you; one, could you just kind of highlight what wells are coming up an inventory that are definitely going to get started while your involved in the process with the Merger and then maybe you just comment on some of the opportunities that you might be looking forward to pursuing with some additional capital strength behind you in the combined company. Thanks.
Gary Blackie
Sure, thank you. Right now as I said we still have a Kelsie log drilling in Ship Shoal block 95 and we have also a rig in Ship Shoal 117 that’s drilling a 20,000 foot measure depth well and that basically just started so we got some time to go on that. As you can imagine it’s a directional well and it’s going to be a little challenging drilling that but we’ve got confidence we’ll get that well down. We’re also going to move a barge rig in east of the river in the main pass area to drill two wells in the main pass 21. The one project I’ll look forward to in the coming months is a place that we’ve developed in the South Tim 100 area. It’s relatively shallow for Bois d’Arc reputation. It’s only -- the reservoir is only 5700 feet but it’s an opportunity we have been working on for the last year, so and everything looks really promising and if it continues to work we can drill as many as eight or nine wells in there, so we’re going to start that project, and there’s a couple of other wells in the Ship Shoal 113, a smattering of puds and exploratory wells, as you can imagine and so we’re going to go forward with those and as far as opportunities in the combined companies I see the cash flow as a big strength and Stone has a really good inventory of projects in deep waters. So, I think if you look down the road three or four years from now where the opportunities lie to grow a company this size would certainly be in the deep waters. So I’ll look forward to seeing those opportunities drilled along with our own although somewhat smaller deep water inventory too. So that will be exciting. I think our position in the Marcello Shale what I’ve learnt from it in the last few weeks is that’s encouraging also, so I think also to move our vast acreage holdings into the stone system. As you we really only have twenty two employees and they have 170. So exploitation although we can do it, it’s not been one of our strengths. We always like to explore, so we can move our asset base to their exploitation setup and I think we’ll realize value there off of our existing property base, so the whole thing to me is really encouraging.
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