Its a small hole in a 30 year old casing, I was told by PYM management the operator of the well. These thing occur in a older casing they where putting a bond over the hole and if the bond didn't work, they would bypass the small perforation and even with by passing, the expected to perforate the sands this week.
A small problem not a major one, one what is cheaper to fix now than later. Now if I'm not mistaken if there was no gas from the logs or spectrometer would you even bother. It will be solved and they will flow test.
FUT Price at posting:
0.8¢ Sentiment: None Disclosure: Held