bignote - basically means that, that particular sand did not flow anything worth producing(light blow of gas). They said they will continue to monitor the pressure.
With this ann, they have just advised us that 1 sand has been plugged in (will not go ahead) and the 2nd one is still being monitored with about a 99% chance that this too will be plugged and abandoned.
Once the above has been done, they will move up to the shallower sands and try and subtract the gas from these - but who knows how that will turn out.
Not good news - put it that way! regardless of how anyone tries to spin it.
TEX Price at posting:
3.0¢ Sentiment: None Disclosure: Held
