The methane in the upper zone is not an indicator of a an economic discovery in the Hosston formation. Statements such as this are very misleading to new investors.
We all hope there is a discovery in the Hosston and that it will flow, but we have no more reason to hope now than when the well was spudded.
What we do have is a very good chance of a serious discovery in the shallow section, as it is a producer nearby, and it was a good size column. I expect this will be substantially larger than the pre-drill estimate.
methane, page-2
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Last
$2.72 |
Change
-0.005(0.18%) |
Mkt cap ! $862.9M | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.72 | $2.71 | $98.19K | 36.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4853 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 17824 | 12 |
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