I think these wells are pretty boring usually, anyway... they're designed to retrieve cores and lay a foundation for future fraccing - the fact that gas has been flared is an excellent outcome, and I figure they only deepened it due to very recent seismic program results suggesting that it may be interesting if they do.
Hopefully they can lab test the cores and get a fracc crew in in the near future, then things will become very interesting very quickly.
Awesome presentation out today too, made me want to buy a lot more - Prospective acreage the size of England?! Also like that the drills are half the length of the North Basin ones, and come in at half the cost... but with the same size shale formations
AJQ Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
