the first well the ismay formation did get around 0.5mmcf in november last year, but they plan to fracture several intervals in the ismay formation to aim for 5mmcf per day from the first well.
Hopefully when testing the 2nd well they will have better flow rates since they are close to the fault line which is known for having better flow rates for the wells near them.
Would be good if they decide after casing the well that they end up using the drill rig to do the testing it would save time and would help give the options a chance if get good flow rates.
They used the flow rates plus other data to come up with the estimates by rps earlier this year for pb1.
GDN Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
