To those that have a bit of technical knowledge of gas fields.
Now i'm sure there isnt a clean cut answer to this, i'm sure it depends on area/depth etc. etc.
BUT, we know that there was gas in PB#1 given that PB#2 is being drilled reasonably closely to the last well, and also presumably in what the company thinks is the better spot.
Can we assume that it's a HIGH chance that they will hit gas due to the close proximity to PB#1 OR is there just as greater chance that there could be no gas there?
Maybe Ya or one of the other gas/oil followers can answer this for me? Thanks in advance.
GDN Price at posting:
9.8¢ Sentiment: ST Buy Disclosure: Held
