Meta Materials Commences Drilling Operations In Orogrande Project To Maintain Lease Compliance
Meta Materials Commences Drilling Operations In Orogrande Project To Maintain Lease Compliance
Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the Company's oil and gas assets and operations. Four wells must be drilled in the Orogrande project in 2021 to hold the lease for sale or spinout. Two wells are being drilled this month on one pad site, and the Company expects to begin drilling a second pair of wells on another site in early November. The Company believes that upon completing the drilling of these four wells, the Company will be in compliance with all aspects of its lease obligations, and the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project will be satisfied.
高性能功能材料和納米複合材料開發商Meta Materials Inc.(以下簡稱“公司”或“META®”)(納斯達克股票代碼：MMAT)今天公佈了該公司油氣資產和業務的最新情況。2021年，奧羅格蘭德項目必須鑽4口井，才能持有出售或剝離的租約。本月，該公司正在一個PAD地點鑽探兩口井，該公司預計將於11月初開始在另一處地點鑽探第二對油井。本公司相信，在完成這四口油井的鑽探工作後，本公司將全面履行其租賃義務，並將履行與University Lands就奧羅格蘭德項目訂立的CDC(持續鑽探條款)。