Hi there Morebull,
No flowrates, ongoing work programmes to the wells, no 5th well announced especially as a horizontal and continuous SIs and a SPP is showing poverty and of no incoming riches from a source.
SG is hiding the fact of good flowrates from these 4 wells , playing his hand in a major poker game.
Land acquisitions I suppose depends on who you are what you pay and this could be said for most things in the game. The more you have the more you pay.
I presume GGP as a poor minnow could pick up cheaper land than say Laredo, Pioneer or EOG for example. Possibly he could use this ploy in JV negotiations too or in the seismic talks.
Say if no flowrates were leaked to the opposition and they were excellent, do you think they would have offered cheap seismic or then you could say that I had proved that GGP is surrouned by Laredo and Broad Oak wells , by doing a blanket seismic that they can know what GGP has and batter thus accordingly.??
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