In for the gas/oil...which in time (not too much), regardless of short term "activity", will result in significantly higher prices.
The fact I have a reasonable holding, I assume will afford me a larger pro-rata IPO position for the spin-off?
I have done my homework on the results further up, comparing them regionally to White Mesa, Aneth and Lisbon...and based on the comparitive results, I bought up shares in GDN accordingly.
I am expecting between 150-300ft of total net pay (plus 20ft of oil) by the time full testing is complete...this will put the well somewhere between ans an Aneth and Lisbon result.
As for the field, I have equated a range for my own satisfaction of 300-800bcf...plus oil...plus gas fluids...which should eventually equate to a more sensible approach the companies value!
All the rest is just noise.
Cheers!
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held