also..in regards to this part of a post:3. three wells already...

also..in regards to this part of a post:

3. three wells already in place (cost about $15m) with potential for further production and sidetracks, laterals etc.

try this for a reality check:


2 poorly producing wells in place, and 1 complete duster = $50m

likelihood of directionally drilling a sidetrack = nil

potential for further production = slim, they can't even get the target pay zones to produce properly so why go and frac further when there is a likelihood of a diminishing return?