Aspen Exploration drilling near existing production in California

10/21/2002
Aspen Exploration Corp., Denver, maintains low overhead costs and emphasizes natural gas in its exploration and development drilling, with a focus on the Sacramento Valley of California.Robert A. Cohan, president of Aspen's West Coast operations in Bakersfield, Calif., said Aspen also is interested in acquiring producing properties if it can find good-quality properties for the right price. "They are very hard to come by," he said."Most of what we drill is low to moderate risk. It's exploration near existing production," Cohan said. Aspen was founded in 1980, and the Bakersfield office was opened in 1995. From fiscal 1996 through 2002, Aspen's net gas reserves increased to 2.2...
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