TB, thanks for a much better written report - this imo hits the mark in terms of clarity of explanation.
Initial impression/scorecard:
SOA2: Sounds positive. Good to have better definition of the prospective pay zones. Would have preferred some certainty over the frac date (despite the assurance of no undue delay).
Defender: Bummer about delay to well clean-out. Good to hear that the JV partners are at least not baulking at the cost of the workover.
Australia 2: 37 bopd seems in line with production from 3 frac stages. This means slow payback on Australia 2, but positive for interpetation of this area of Fort Peck.
Gretel 2: Clearly the bakken is not going to pay in this location, due to the fault structure.
Abercrombie: Good results. Combining the information available from Gretel and Abercrombie it looks as if the western/northwestern edge of the prospective bakken area of Fort Peck has been defined.
TB - the $$$'s spent on the PR consultant to write/review the announcement was worth it.
Cheers, Sharks.
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