They drilled this section in PB-1 with 8.4-8.9 ppg MW. The deeper section was drilled with 9.2-9.5. So even if they take a gas kick (which I doubt), then take that as a good sign, as long as they dont kill the well with heavy mud.
Their plan is to drill flat out (with another 1-2 bit changes) & then stop at Alkali Gulch to run WL logs.
This next phase is crucial as post logging they can announce to the mkt the Net:Gross thickness of the pay zone intersected so far in the Upper Ismay & they have indicated that they intend to test this on completion as per today's ann'mnt.
Now that they r drilling in the zones of interest, expect a regular volley of ann'mnts.
cheers
PS: long time no-C, ExB1, welcome back!!
GDN Price at posting:
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