2 bits out of the announcement
confirm Metgasco’s interpretation that the coal seam gas resource at this location is analogous to the “wet” coal seam gas resource at the nearby Corella-P11 well where Metgasco has booked its first 1P reserves this year.
and
On this basis the Company expects that the horizontal section of the well will produce gas at comparable rates as the nearby Corella-P11 well.
looks like sellers overreacted. results as expected imho
2 bits out of the announcementconfirm Metgasco’s interpretation...
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