It appears we have about 54ft in the important C18 zone...
Atzam 2 had only 23ft in this same zone...
"October 22, 2007
Steven J. Reynolds, CEO of Quetzal Energy Inc.,
...Approximately 23 feet of pay have been identified within the C-18 zone of the Atzam #2 well and additional prospective zones uphole, remain untested."
So we have more than double the net pay over this main producing zone alone...and within this area, a significantly fractured zone with large cavities...right in the midele of the most prolific producing horizon!!!
Some might suggest as good as it gets...lol the market.
In my view, we have some bigger players looking on here, potentially gaining postions over weeks...not just today...so are doing what they do best.
Its all about accumulation, and putting pressure on the little guys using other people's money...sometimes to buy more you need to sell as well!
Given my window of interest here...which is more than a few minutes...I intend to take advantage of the expected games.
Looking down the back of the couch now...
Cheers!
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