Absolutely gob smacked that the information released by terrace energy is at this stage not deemed price sensitive by GGP.
Phrases such as :
1.excellent hydrocarbon shows throughout the drilling process.
2. The Eagle Ford section in this well is comparable to the best quality wells drilled by several major companies in the immediately surrounding area.
3.The drilling phase of the Cutlass West #1A was accomplished on schedule and below budget.
4.Cutlass East #1. This well has just reached total depth and extensive petrophysical analysis is currently underway. Results to date, including mudlogs and field observations of the conventional cores indicate that the Eagle Ford exhibits very similar qualities to the excellent results seen in the Cutlass West #1A well. Additional hydrocarbon indicators similar to those observed in the Cutlass West #1A have been observed throughout the deeper section as well. These preliminary results are especially significant, given the distance between these initial wells of approximately 9 miles.
Would have loved to see the reaction on HC if GGP had reported this information, an inquiring email to HQ may be in order.
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