Interesting comment CotikFirst, I agree a great report...One...

Interesting comment Cotik

First, I agree a great report...One can't help but wonder whether the nearby wells will have virtually the same multiple commercially producing horizons...the possibilities of circa 7-10mmcftd each well then starts to sound phenomenal as far as SP is concerned.

Second, the issue of reserves....I have pondered the same thing and whether the pre-drill estimates of 10-15bcf and 20-25bcf respectively for each field remains appropriate. Once the flow rates have been established for a period of time, I would expect the company to shut in the well so that pressure builds again and they can again test flow. The new flow rate coupled with the shut in period and pressure etc., and the seismic then should enable a new estimate of the reserves to be made. I'm not sure how long it will be before they do such a test. However, surely indications must be that the fields will be towards the top end of pre-drill expectations, if not beyond ie. I imagine the pre-drill to be a P50 estimate...could the actual result be more like the pre-drill estimate at say P25?? What would that look like? Plenty of this story yet to unfold IMHO.

Would like to hear other comments especially from O&G geos.

regards
DF