New Trader, what you say is correct. Whilst each well after the first will more accurately define the resource, GDN, ( at least up until 2 weeks ago) intend to eventually release an initial and conservative resource size based on this well. I am not sure who but an London based organisation is helping with this. When it is released i think alot of people are going to be surprised. In my opinion, and thats all it is at the moment, they already have close to the most likely scenario being the 440bcf.
What is certain, is that its exciting times ahead. I cant wait!
p.s as for share price predictions, do you people really think if (and i have to keep reminding myself it still is if) they drilled through almost 1000ft of gas saturated sands below the current depth, that the s.p would be hanging around $2??
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