I hope I'm wrong too, but I seem to remember the porosity of the formations was quite low compared to most, sparked a minor sell off back last year if I remember rightly after a wireline log.
Probably my pressure was a bit too low looking at rocketmons examples, but even at 6000 psi I doubt they would even produce enough to pay for the well.
I'm not trying to be smart here, just providing a bit of rough analysis to compare to those who think this was a great announcement. I certainly didn't.
GDN Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
