the big daddy has started.. if they can get this well to flow at the stable "claimed" tested rates this could be the get out of jail card the LT holders have been praying for for the last 3 years.
This also tells me that even though only 1mmcf has been announced to the market for the other wells the methods Jay adopted must be working.
they would not have started work on this well if they were experiencing difficulties with the first 5 wells. PC mentioned to me on a call a while back that it is a big well and more difficult than the prior wells
working conditions must also be on the improve. summer is only a month away.
the old coy boy JC mentioned large numbers like +20mmcf from this well alone...
MAE Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held