Cadreelil, JS will be a hugely benefical commodity to this Coy.
For one example, the issue of the water in the wells:
Another poster on this forum "kiwikarlos" has made reference to the inability of carting water down the Mountain in such freezing temps and snow (i.e. trucks can't get there). This, Water, is not an uncommon situation in deep conventional river bed gas wells (or water prodiction generally), and is a byproduct of gas production.
As the water flows into the wells, i understand that it assist in the creation of pressure for the flows (someone please correct me if i am wrong), however i assume that too much of a good thing (water) is bad and would continually buildup in the well - so they pump it out and cart it away.
The reference to water wells by "Cacoethes" in his post, is one such example of JS broad thinking ingenuity, or should i say JC folly, in that instead of having a problem and cost of carting (or not in harsh Winter climates), you create a water well and recycle this byproduct (please note that i am not 100% on the mechanics of such an idea - however, i believe that there is proof behind the theory in other such cases for JS)
Cadreelil, what we need to do now is bite the bulluet on this RI, get it done, give JS the cash, put our feet up and watch him work his magic. We have everything we need, namely JS and huge in ground resource, and removal of JC....
Mate, the mere mention of 5-10mmcf by end of April will have this company at far greater SP levels than this.... There is potential for massive gains here 1000%, but that is My Opinion....
Cheers
MAE Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
