mate from what i understand CC produced about 260BCF of gas and was one of Salt lakes citys big supplies for a long time. They still mine coal extensively there and MAE has found new structures, sure they have to prove production i agree.
The fields were more likely closed because the wells were depleted. The 1000 acrea spacing, single hole well was fractured using nitroglycerine. Even then with poor tech and low gas price it was profitable so how could it not be now?
The technology is greatly improved and gas prices are going nuts. Many people think we will see $200 oil, imagine what the gas price could be in this scenario $15-20 by xmas?
We need production asap and i will be re thinking my position if nothing has happened in two weeks.
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