I don't think the broader market knows about this stock yet. It does look very promising.
From their 8th September announcement:
"After penetrating a thick section of hard shales and siltstones, drilling this morning has
intersected a potential sandstone reservoir with high gas shows. These have occurred even
though the drilling mud weight has been increased to control the levels of background gas
for safe drilling."
It sounds like there is significant gas pressure in the well. As I read the above section they increased the drilling mud weight to control gas levels for safe drilling but even then significant gas levels were evident.
All it takes to get into production is 50 meters of pipe to be laid. Amazing! The market is totally asleep on this one.
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