The economics for a smaller company comes into play here. As TTC highlighted yesterday if you're going to run production casing you've got to be confident, on this drill we're not in a JV with a clr or dvn who can absorb those costs when drilling in oil fields like Bakken in North Dakota.
What they do have for their decision process is the ability to undertake a comprehensive analysis, the amount of information that they can draw upon in this region with the neighbouring oil fields in addition to the Coalinga field is almost limitless.
So in this instance my view is there's a higher degree of confidence in analysing those records than information you would find in a new region or back in the 40's.
GLTA R
SGC Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
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