Btw...
In my eyes the 19m net coal statement is very bad and absolutely misleading...
They obviously summarized all coal zones between 900 and 1,000m depth. Each coal layer would require own lateral drilling...
They declared the R1 as non-commercial in early 2016 and so they actually have only two more coals which may be worth testing (R4 and R5) with two additional laterals if the R3 flows...
...but even in a positive case, each of these two additional coals would add less than 3m net coal and therefore the actual have less than 9m of net coal ...at most...
The STX coals are completely different - the Vu Upper alone with 35m contiguous net coal...
I hope the market will sometimes pick up the reality behind the current csg projects...
Ann: Jaws Pilot Update, page-57
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