"This well was drilled by Marion in 2006 and has been shut in since it was completed and subsequently connected to the gathering system and pipeline. This well underwent extensive testing during the completion operations and production test rates in excess of 5 million cubic day feet of gas per day were achieved over several months of testing."
Marion completed the well and connected it to the gas system. would have they done that if the well did not have gass, would they have spent the money just to lie to the Utah government and the shareholders? does that make any sense? we all know the cost associated with these operations.
The information provided by the company are straight forword, doesn't need an expert to understand or need second guessing.
5 million cubic feet of gas per day are just that. simple!
MAE Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held