mikkey, I cannot see a disaster at Puffin, just hyped production figures won't be reach. So one horizontal well touched the water table and the western region won't live up to expectations, once a few problems are fixed they should get between 15,000 and 20,000 BOPD. Water is not the death Nel others have indicated.
Anyway, as I've said before, Puffin just an income stream.. the 'company making' well will be Cobra - 70 to 400 BCF, Initial 50MMCF/d from one well possible, NWE 25% nearly carried, facilities nearby, high european gas prices, previous offstructure well confirmed gas.
Cobra would eat Puffin for lunch.
Bg.
NWE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
