John,
That may be, however you are starting to sound like the former CEO of Hardman assuring shareholders the oil was still there when they met early production difficulties.
Fact is reserves get downgraded when you struggle to release them from the reservoir. I will retain a somewhat cautious eye on these matters. However I do like that large expanses of the permit are clearly oily, and as you've said before they will be unravelling this for decades. I just hope that is not at a rate of 3000 bpd net.
More wells, and less production. It's gotta be a something to watch. When you've followed stories like Hardman and Arc with there initial success heralding a glorious future you've gotta be cautious imo.
EL
hey ted!, page-38
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