Gee's with all this chat from NeilWa about 'it just ain't worth it' (and yes I summarised his statements), why would any one bother at all in the Paradox.
The one thing Paradox has shown is those wells flow for a very long time. In excess of 20 years. Yes flows do drop away but they can be reworked.
And although even I consider PB#2 still high risk who can really predicted 'how' much gas will flow, no-one. We know it is very likely they will find gas but 'how much' is the Q.
Neils comments a rehash of many naysayers comments over the last 2 years.
Heard it over and over, no gas, water well, no permit, etc.
The fact remains, GDN have a large promising gas reserve in the making. The quality of the gas is superb without a doubt. Quantity is the issue for sure. PB#1 gas flow from Ismay is low and needs to be bucked up by work over soon.
But Ismay was never the real target. Leadville was. That is what must and will be tested over coming weeks.
GL to ur trades. 20c is a sure foot because of the options to be converted in June. Thats 300% profit for some of us.
U AWAKE DAZT
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