The results of ConocoPhillips (Austin Chalk) McKewon #1 well which was spudded in early December 2018 should be out soon. This well is very close to ATS TMS drills. Its forthcoming results are keenly and anxiously awaited by many including EOG, Marathon and ConocoPhillips themselves. This well along with a second well they spudded in January 2019 are only 40 miles from the ATS drills. Albeit they are drilling into the Austin Chalk medium if successful they can have a big impact on the values in the area. It could be argued that these well results are equally important to ATS's own drill results. ConocoPhillips hope to justify their 220,000 acres recent purchase near ATS leases.
You need a little luck in this industry. Here's hoping!
News: ATS Australis Oil & Gas Seeking Commitments From Investors To Raise Up To A$30.5 Mln, page-43
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