Yes, they seem to be a very well run organization. Getting their well costs down will be a major key to unlocking commercial success. The additiional govt funding to be received in January will be a welcome boost to the bank balance. Any idea the cost to frack these wells? Doesn't appear to be the need to raise any capital just yet. Thankfully the US operations are currently turning in a profit.
The big question is the rate of production decline from these shallower shale levels vs the TBN strategy in the deeper shales.
Interesting times in the basin with very little interest from the market.
EEG Price at posting:
19.0¢ Sentiment: None Disclosure: Not Held
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