40mcf estimate and petrocci increases stake , page-31

mrposhman
dont be fooled by company spin. the truth is that Gazelle 3 was meant to be a productive development well. the drilling was to convert resources to reserves and move to FID. It was at no stated to be step out well and speaking to the compnay thye had a very high COS on Gazelle 3 reflecting it was not a P10 test

similarly the decsion not to prod test should be viewed with some sceptism. you will note that only one of the two targeted prod sands has proved commercial so perhaps the lack of prod testing is so npt to release average results before farmout.

Its good to be positive and see the upside which i also see, but lets not try to hide reality, and that is the company has dissapointed on many fronts.
despite holding and overall seeing good upsode for here, i also can see the failures and spin