I think we have to wait till the resource report is completed. I for one think it will be a great report,due to the now known shale oil find. Early on i rang and spoke with peter and he told me they where getting 20-30 bbopd in the early days of testing the K.
This layer/zone is vast, just looking at what could be extracted with a 1500 meter horizontal well.
As i have said before we already have the main hole/well. It is a simple process to step out from this well,frac, almost instant income.
Just imagine if the report comes out with a oil estimate along the lines of what bpt got as a gas resource.
NWE Price at posting:
3.5¢ Sentiment: LT Buy Disclosure: Held