"Following the interpretation of the full suite of logs acquired in the pilot hole, a mechanical earth model was constructed with very positive indications for the ability to fracture stimulate Baldwin-2Hst1. Fractures developed in the vertical plane of the well, transverse to the horizontal well path, are predicted by the model, with excellent containment indicated from the bounding layers both above and below the possible pay zone. In addition, natural fractures were observed. These will assist in the initiation of the stimulation fractures and aid in growing the complexity of the fracture treatment. This should have a positive impact on flow rates."
That is the money line.....'positive impact on flow rates.' Flow rates = return on investment. The higher the rates the greater the profitability over short and longer terms and possibly longevity of each well.
Without fracing this is great news so far. And goes one more but important step building/affirming the picture as suggested by the estimates for the area in the Ryder report.
A line has been drawn under the SP...I wonder where it will be.
BKP Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
