And the only flow rate that is really of any relevance is the "DIFFRENCE" between the vertical well's flow [#18] and the horizontal well [23H]. If the company had of told us today that #18 was in line with the legacy wells what good would that have done given the lack if a relevant benchmark? Umiat has never been considered a commercial opportunity at the legacy wells flows, if it were, it would have been done.
#18 will become the benchmark for which 23H will be measured and it needs to flow at much greater rates than #18.
But we all knew that.
LNC Price at posting:
$1.97 Sentiment: None Disclosure: Held
