The Toronto Blue Jays Company expects to renew developmentonce
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The probes 1992 world series Company expects baseball season tickets conclude to renew developmentonce commodity prices have stabilized. The Company has two drillingcommitments and expects to drill one cluster of six wells in order tofulfill those commitments in fiscal 2010, contingent on some recovery ingas pricing. Texas Barnett Shale FieldFieldTotal ------------------------------------Proved Developed (MBOE)68818713 888Proved Undeveloped (MBOE)2,072 10,320 -12,392 ------------------------------------Total Proven Reserves at March 31, 20092,760 10,5071313,280 ====================================Benchmark PricingNatural Gas per mmbtu$3.58Crude Oil per barrel $ 49.65Plans for fiscal year 2010Barnett ShaleIn December 2008, ReoStar suspended its Barnett Shale development due tothe decline in commodity prices. ReoStar drilled four deeperexploratory wells in the Corsicana acreage. The first two, a Glen Rosewell and a Pecan Gap well were unsuccessful. In December 2008, thecompany successfully completed two Pecan Gap wells.Fiscal Year End 2009 Proven ReservesAt year-end 2009, the independent petroleum-consulting firm of ForrestGarb and Associates, Inc reviewed ReoStar's reserves.
These engineersreviewed 100% of the Company's proved reserves aj burnett . All estimates of oil and gas reserves are subject to uncertainty baseball tickets . Thefollowing table sets forth the estimated proven reserves in barrel of oilequivalents and the benchmark prices used in projecting them (in thousandsexcept prices):Estimated Proved Reserves CorsicanaE bluejay baseball . REOS initiatedphase II of the project by drilling 12 wells in June 2008 in an areaimmediately south of the injection facility adjacent to the phase Iwells.--Corsicana deeper zone exploration bluejay hat . REOS also drilled, completed,and began production in six wells.
Two other wells were drilledthat are expected to be completed in the second quarter of fiscalyear 2010.--Corsicana Enhanced Oil Recovery (EOR) Project autographed baseball . ReoStar began injectingsurfactant polymer in phase I of the project in mid-June 2007 and hascontinued injection throughout the current fiscal year baseball season tickets . The Company borrowed $9.8 millionagainst the borrowing base during the fiscal year ended March 31, 2009.On March 31, 2009, REOS had $426,000 in cash and total assets of $23.0million baseball tickets . Debt consisted of payables to non-related parties of $9.1million, of which $9.0 million were long-term note payables .