Even if it didn't work for oil , there is plenty of wet gas acreage in PFC's EP103 and EP104 .
It's far to early to write the oil off . With a different frac design it may even work at that location .
They have to find out what has happened and why .
PFC closed at 11c yesterday from 31c the night before and 80c three months ago before they announced that operational update which talked about H2S and need to repair a casing .
They have 18.5c in the bank and are not as badly funded as they make out .
Got to be worth at least 80c in a firesale ?
PFC appear to be great geologists but I'm not so sure about their business acumen .
positive info, page-105
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