Thanks EntropyLord.Thinking about it further, I am wondering if...

Thanks EntropyLord.

Thinking about it further, I am wondering if they even have 2 bcf net from this well. Because 2bcf net at 40% working interest would mean a 5bcf discovery in this well. I think that with less than 20 feet of net pay, it would suggest less than 5bcf. But I could be wrong.

Usual practice would be to drill the more certain wells first and the more speculative ones last. I don't think assuming an equal size to each of the three wells is a given.

On the other hand, Petsec makes it hard. Because they quite often declare a conversative target size, then tell you afterwards they were hoping for a lot bigger target but not counting on it.

By the way, very good call you made on Mincor. I did not buy any the week before last, but now wishing I did!