lot in your post. Based on Alkaid, I think they had no choice to split the drill and flow test. The reasoning being, this could not be planned until the observed the drill results. I like you agree that a horizontal drill will be required, hence why I suggested that a gravel pad be put down pre flow test. The cost being insignificant imo.
The unit plan mentions Summer program, but I am unsure when this is planned.
IMO Leonis is being worked up and likely set for a drill soon.
In the annual meeting it was also mentioned more wells are being considered in Texas.
To my reckoning we will need $14mill for more wells and $14mill for additional working capital on top of current cab. To do this they will need the sp up to about 4c. So Tally Ho!
88E Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
(20min delay)