Wouldn’t this be read as 24 wells anticipated to be drilled (1 well x 12 month x 2 rigs) i.e as report suggested 1 well per rig per month.
Thoughts please?
If above is correct, I think that’s fantastic..I’m sure Austin has waited all that long to develop its Birch property..now they finally unlocking the value by rapid development.
They will find and source the money somehow to develop this thing. They know what they sitting on. Halcon wouldn’t be wasting their 2 rigs for nothing for a year. That’s probably why Austin has delayed Petromax drilling as in my view Austin prefers Halcon to drill its birch as fast as possible and develop it a much faster pace!
SP will follow the fundamental progress of Austin sooner or later!
AKK Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
