Not an over-reaction. As I stated a few times, at this depth the Plover is very tight. I expect porosity to be under 5% and extremely low permeability. The sad thing is they don't seem to have any news on gas quality, so I imagine the CGR is low as well (little condensate), and maybe a fair amount of CO2.
Given the news, they appear to have a potentially large tight dry gas resource, so it will never support an LNG project.
One thing I can say, the boys gave it a big go!
Unfortunately, there is still a huge downside on this stock.
risk vs reward, page-10
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$1.48 |
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Mkt cap ! $1.187B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.48 | $9.090M | 6.098M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34975 | $1.48 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 3831 | 1 |
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