"One thing I never understood - what was the rationale behind drilling so close to the fault?"
For what it's worth it is my understanding that the two drill site locations were 'pre-set' as part of the original contract deal with Eclipse (as part of the 'buy back' clause)and was based around the seismic 99x data.
As it turns out, it was recently reported that the 99x seismic positioning line appears to be wrongly located (I read this in one of the GDN reports by RDeB)which may be the answer to you question.
Either way, by drilling PB#1 & PB#2 to their respective depths GDN has now satisfied their part of the contract with Eclipse (even though they didn't reach TD in PB#2).
This may not be the whole story and maybe someone else can add to this.
GDN Price at posting:
9.4¢ Sentiment: Hold Disclosure: Held
