"We now come under Marathon."
That's quite interesting and I've seen mention of MRO as "the operator" elsewhere - can't remember where.
It suggests that MRO might be calling the shots. It's not really worth going back and checking but I thought that the reporting on the HiWay fraccing was originally to be delayed until 60 or 90 day results were available in the December quarter. There seems also to be more talk of trialling multi-well drilling and closer spacing.
It would not surprise me if the extra rigs will be deployed to advance the trialling of techniques and spacing to bring forward the time when adequate evidence can be provided to NSAI to force them to revise their reserves valuations. There's no reason to accelerate the drilling to hold by production - we've been told that the drilling is ahead of schedule anyway.
This could get quite exciting in the relatively near future. This must be one of the strongest hold situations in the market.
Presumably, that's what the Stewart family think also. Good for them.
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Price($) | Vol. | No. |
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