Well done brainy bull. As some investors are starting to see, there is information that points to a considerable high quality gas find in the shallower levels, which is usually the main target of drillers in the paradox basin. The unknowns are.
1/How much gas is in this well in the top zones?
2/ How much of this gas is connected to PB1?
3/ How far does this gas extend beyond PB1 & PB2?
4/ How big is the discovered shallow zone field?
Once the gas pipe line is connected to one of the above wells, any further wells, are not only cheaper to drill because of the shallower depth, but will be Quicker and cheaper to connect to existing pipe line. The Williams pipe line is at present 6 miles from PB2.I believe the Williams pipe line co may be very interested in all the results, and it will be interesting to see what size pipe these guys extend to PB2. The bigger the pipe the bigger the capable capacity, in short more GAS to market and indication of potential larger field!
GDN Price at posting:
9.7¢ Sentiment: Hold Disclosure: Held
