What is encouraging here is that there is plenty of gas around this location. At Waly East, AB and C sands were not well developed in terms of permeability, reflecting typical pinching in and out of the coarse grained horizons in these clastic depositional sequences. D sands were well developed in this Walyering East location, which in my opinion is "adjacent" /separate to the Walyering field. D sands were also well developed in Walyering 7. This is the key pattern here. They will need to do some review of seismic ato see how well they can map the D sands. And imo they will also need to check for prospectivity in any deeper formations. Hopefully the Walyering fields will be big enough to bank roll some wildcat drilling so they can find all the gas pods.
STX Price at posting:
20.3¢ Sentiment: Buy Disclosure: Held
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