Hi Grayza, by "the best shale acreage" they mean proven resource and reliably extractable. Like the Permian where companies drill a well one after the other again and again at pretty much a set cost with no drama's or cost blowouts. ATS's TMS resource ticks the first point but fails to date as a result of unproven economic extraction capability. I know you are across this mate but for others reading this dialogue its important to mention. This is the simple reason why the stock went from 50cents to 6 cents. Up from 20cents to 50cents on original capital raising and initiating the drilling program and down on results and outcome. They are endeavouring to raise some capital in the form of a partner to drill again hoping to prove the concept with greater knowledge the second time round.. Once again if they get it right second attempt "Bingo". Price and demand for the product is strong with the longer term outlook positive. The proven resource is sizeable.
ATS Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
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