So 6 stage Frac of #2 well to come and two further wells to be drilled in the Area ... I would also be expecting a new release of a reserves statement in the short term upgrading the certainty (after all wells are drilled). Starting to look like a compelling case for Farm in by a major.
Theoretically you would expect, given the current well is not frac'ed, that simply drilling the hole into the shale sub horizontally a further 500-600m will increase the gas by multiples ...then add to that the fraccing... this is why they dug out such a large flare pit. ... Look closely at the daylight pic from yesterday in the very background you see a large sand wall in the distance...
AJQ Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held