Ann: Impressive 84 foot Pay Zone Identified in White Hat 2106, page-5

Got into this a few weeks back. Been following for a bit. Looks like they hit a bit of a jackpot.

Its in the Ellenberger...look at the size of the Ellenberger field to the east. Idk enough about the other wells in Mustang, but it seems to be the easternmost well in the lease area has hit oil in the Elenberger. There's room for a few more wells between this and the lease boundary.

They have seen "vugghy" porosity. That means holes, not pores. Holes - you can see with the eye. Pores - you need a microscope. This has significant implications for permeability and of course recoverability. As long as we have a decent amount of ground like this in our lease - this is a game changer.