Ok, so the RPS estimates come out and we have a nice big number. So what? They are yet to prove that all that gas can be commercially extracted...
I can't see the RPS reserve upgrade being much more than before (I'll punt on Proven Reserves <130BCF). After all, PB3 was drilled from the same pad as PB1 so they have not increased by much the extent of the discovered gas area.
Overall, I don't think the revised estimates will do anything for the SP.
Still no flow rates from P3 Still no plan to re-frac P3 Still no plan re Leadville in P2
-Disco
GDN Price at posting:
4.6¢ Sentiment: None Disclosure: Held
