To me, if both of the 2 wells are dusters then we go to 0 and it will be very difficult finding anyone else to spend more money in the basin. We are testing 2 different plays in the basin and on top of this, each well is testing multiple layers...
The benefit of testing stacked targets is that if there is a broken seal on one/few of them, they will be caught in the next layer above. Chances of every layer we drill through having a broken seal? Likely quite small, especially given what is seen on the seismic.
IVZ Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
