Ok, With the water plugged it flows consistent at 5.6mmcfpd 75% of this from zone 6 so thats 4.2mmcfpd from zone 6 alone. They can equal this from zone 7 with greater net pay. Thats looking at figures around 7 to 8 mmcfpd once zones below 6 are plugged. It might not be a resolved issue but geez, it looks like it could be huge. When they drill subsequent holes and avoid this issue they won't nearly need as many wells as first thought. I hope the market can read this announcement correctly. Its a great result. Just a little more engineering stuff to deal with.
TSV Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held