all pertinent commentary from this thread for sure however the Kowalik announcement is certainly a poor one. There is no doubt about that. The flow rate is well below my expectations and is unlikely to rebound.
As pointed out by someone else this is a development play and it will definitely take time. They will need to go though at least another couple of wells in order to get the horizontal steering right as well as the completion - it is simply trial and error. I have no doubt they will get there within 2yrs or so. I just hope they do not run out of money before they get a decent gusher.
Just need to be patient for at least a year - TCEI are involved in cutting edge technology and no two formations are the same. They need time - CP certainly needed it.
This is a cracker play it just requires patience. I am desperately trying to contai my frustration. It is not easy but stick with it, top up when it is low and look forward to your CGT discount.
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