reality check, page-63

Gotta agree with eagle123, geologically it's extremely likely that the lower targets will have similar results to the Pioneer ie flow rates of 100-200Mcfd.

This could give final results of 400Mcfd or maybe even more, which for a tight gas well is extremely good. Let's do a little number crunching.

Orange-2 flowed 144Mcfd pre-frac and stabilised at 4.8MMcfd post-frac. This is a 33-fold increase in flow.

Applying the same increase to 400Mcfd for O-2, we would get in excess of 13MMcfd.

Of course we don't know whether this formation can be successfully fracced and even if it can, whether we'd be able to get results as good as they did at Orange, but I'm willing to bet frac technology is a lot better now than it was back at Orange-2's time.

But none of that matters this week because the market has obviously decided O-2 has been a failure, so as eagle123 says, I won't be surprised to see CTP fall further this week.

Also I think someone was asking about the costs of a frac program? I'd say a job like this would could a few hundred thousand dollars.