1. They are drilling wells to define a area and establish its reserves. More wells = more reserves = creater value and makes it more attractive.
2. They bough another 20%of CC for 15 Mill so the whole of CC should be worth base 75 Mill.
3. when you finish the wells you need to de water a 60 acrea area with a huge amount of depth. Think about the volume of 60 acres combined with the well depth.
4. Once wells are nearing a dewatered state the gas rates increase quite quickly.
5. If you stop gas flowing from the well water seaps back into the producing layers and need dewatering again.
MAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
