"They are a multibillion dollar company that has thousands of wells over several producing fields, so I'm pretty sure they have some fairly qualified people that "thought" these wells would produce commercial amounts of oil,"
Yes rock / suds, but seriously, with SSN a small cap explorer / producer, why on earth would they do it if it wasn't going to be commercial?
Yes, CHK could do that, even if it wasn't commercial, because "They are a multibillion dollar company that has thousands of wells over several producing fields,"
Do you really think they gave a toss if they hit a few dry ones, when they have so much skin in the game and such high profits?
It's like being a cricketer and having an average of 207 (I did 2 seasons ago from 8 bats believe it or not) and when you don't really care, you go out and play a few shots, many come off, many don't, but your average will always be good as long as you play your cards right
They built production facilities on these sites, I imagine they will be using them
Time will tell of course
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