Agree with folks, this is a good result, ESP good that if we proceed to the second well, then we are still holding a very meaningful 20%.
The cash back also good, although one must be wary that it is perhaps likely in effect to roll over into a similar level of pre farm out expenditure on the other permits.
News out in time for the SPP. I might even need to reconsider and participate, although under the currently uninspiring (imho anyway) CEO I am really just looking for an exit point for the rest of my holding. Might be tempted to hold some through the drill if the wait is not too long.
EL
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