"for smaller operators it has simply been less expensive to drill other places than take on these areas" ...
Is that why they diversified into Canada? If they were so sure they were onto something, why waste money with a backup plan?
Was it because their thesis on based on gravity/magnetic failed with the HWDD06/HWDD06W1 drill?
The market may know (efficient market hypothesis).
CHK HWDD05, page-8
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