If 88E kicks..., page-88

"focus shifted to PRIORITIZE HRZ liquids-rich SHALE PLAY !!!!!!

Does one get the impression this thing is just so damned big that they are going for IT no matter what.

Ill break out into a bit of Steve Larrett like behavior here and hazard a guess that if they are moving ahead with Ice 2 design that they are either

* pushing thru as far as they can to derisk as far as they can

* they already have a partner lined up

* they are going alone if the sp allows minimal dilution

Imo the top one being the best contender. The other two are Larrett type hypothesis.

The thing that has changed in this annmnt is the PROMOTIONAL quality of it.

"WORLD CLASS TIER ONE" is not a phrase that all shale plays can use except the better ones.

Imo I think we'll see an impressive production costing rolled out if they are now promoting this play as such.

The metrics used are impressive and if the OIP is large then the extraction costs should be low given the high saturation thru the HRZ.

It seems the hint is being made via the brittle non swelling clays that fracking is possible something we have previously not been privy to. Yet to be confirmed tho. BUT the fact that they are PLANNING the fracking for Ice 2 is a solid hint that these clays are being deemed not an issue enough to stop Ice 2 from going ahead.

As others have said not a great deal new to add but it certainly reduces risk on some aspects as well as showing the market clearly that its the potentially huge Icewine shale play they are now concentrating on given the dramatic drop in production in the Lower 48 and the shuttering of the less efficient wells. The metrics at Icewine are shaping up to be in the better % of producers given the data/info to date.

d.