I'd love to be standing on a nearby Texas Grassy Knoll (pun intended)overlooking this "well" when they perforate.
I can see this blasting through a buck on a good flow.
Thought I would quote from the research report just put out by Wilsons (when the share price was 61 cents):
"We have changed our recommendation to Buy (previously Hold) on favourable initial testing results from the Outlar-1 well on the West Wharton project and positive early indications from drilling at Rowena".
they go on to say their valuation is now 73 cents. If Rowena (the current Jean Freeborn 1 well) comes in at the high end it is worth $1.54 (unrisked) according to the report. You don't get to drill a well in a 200BCF size structure evry day of the week.
This baby is going north big time if she flows.
AZZ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
