As gerkin stated previously in his AGM review - if they case, it's "GAME ON". --------------- Generally, if they decide to case they must be reasonably confident of a commercial outcome (although wells have been cased and still didn't produce for one reason or another - eg Rowena JHF-1 - doe).
The Edwards limestone formation is a prolific producer in the region so this well may be more likely to flow than some of AZZ's recent efforts.
It is nerve racking holding through these steps.......even after wireline logs, casing has to be run and perforated and then we are sweating on flow tests......then they have to build a pipline, etc and eventually we have sales.
My hope is that if this well is proven as a producer (ie commercial flows), James will announce their plans to drill 20 low cost development wells on their acreage and explain the future potential of the Eagle Ford Shale and the market will realise the significance of this initial success.......
Wishful thinking? Time will tell.
C'mon AZZ
Regards, Whippet
AZZ Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
