There would seem to be little doubt that the well will prove commercial. Will it be a bonanza, we cannot tell. The current gas may all be coming from one interval and may not represent new horizons. However if they are weighting up the mud as they go, the gas may be from 'new' intervals.
If the company was run by experienced oilmen I would have a higher level of confidence.
However what GDN has done is a substantial undertaking and they have overcome great technical difficulties. I believe they must be getting measured advice in order to commit so much to one hole.
On the balance I am inclined to stay invested and to buy some more if the price retreats further.
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James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
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