The methane in the upper zone is not an indicator of a an economic discovery in the Hosston formation. Statements such as this are very misleading to new investors.
We all hope there is a discovery in the Hosston and that it will flow, but we have no more reason to hope now than when the well was spudded.
What we do have is a very good chance of a serious discovery in the shallow section, as it is a producer nearby, and it was a good size column. I expect this will be substantially larger than the pre-drill estimate.
methane, page-2
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