"more importantly,the farm-in will advance the geologic understanding of the project area and will allow the application of the more advanced fracture stimulation techniques developed since the two original wells were drilled"
Then there is this bit from Momentus website..
"Momentus Energy seeks to capture and enhance the value of mature or technically challenged oil and gas fields which have shown low recovery factors, currently non-commercial discovered oil and gas fields which have remained undeveloped"
It's the Canadians to the rescue !
If they can have some success then we could also then just sell off our remaining interest an exit the project without spending another cent.
SSN Price at posting:
2.4¢ Sentiment: LT Buy Disclosure: Held
