Points of interest...BIRCH"The well has been drilled through the...

Points of interest...

BIRCH
"The well has been drilled through the curve and is at approximately 14,000’ total depth"

...Thankyou, been waiting for that.

Need to frac the HZ leg before definitive results would be available

BUT...

if they've turned the curve into the HZ, its a safe bet for mine that it got nice and slippery on the way down.

CASH
Approc $2 mill

PATHFINDER
"Austin’s engineering team is producing the well intermittently whilst the gas gathering system is completed to keep uneconomic flaring to a minim"

...as I and others assumed, the reason for the reported willy nilly production

PIERRE
"Currently there are two partners committed to the drilling program for the
first well to help share capital investment costs."

Thomasson is one, no ID on the other

As for the rest, solid progress consistent with a small O&G company. Cash burn about right (Kentucky office possible exception)

Seems to be plenty of activity at reasonable cost to cash flow for now.

Watch it fly with the Birch HZ results.