HI guys, hate to burst the bubble here, but the flow rates published are nothing short of abysmal 1.3mmscf/d.
To put in perspective, considering how much it costs to drill (say 12m) and then frac (say even 5m) which is cheap you would need AT LEAST 10-15 mmscf/d for this to be anywhere near economic.
THe company putting out a P90 resource at 1.8b is plain irresponsible and misleading.
unless the wells and flow can be done economically then there is no WAY IN HELL that ALCOHA will spend anymore money on this development, leaving TSV with nothing
TSV Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
