It may be that GDN has the best results. The Lisbon field with cumulative production todate of about 700 bcf of gas and 52 MMbo plus 10 MMb of condensate came from Mississippian reservoir. But the giant Aneth Field 385 MMbo and 343 Bcf of gas production comes from the Pennsylvannian carbonates.
Further to keep this in perpective: We have no idea how big are the reserves from the the Pennsylvannian discoveries. We may have an Aneth type field as opposed to a Lisbon type field.
The original projection was "Targets include multiple carbonate zones within 4,500 feet of Pennsylvannian ... section and plus 800 feet of dedep Mississipian" - 11 potential pay zones were identified.
80% plus have been identified.
When GDN raised the extra cash, that assessment would have been interesting.
Now for crunch time, but directors need to define better what the Pennsylvannian discoveries to date mean.
Through thick and thin, I am still in. Indicators to date suggest the Pennsylvannian may be the real key for this well. And how well do the traders understand this??
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