Think that`s about right Buckland. 12.5% before payback giving...

Think that`s about right Buckland. 12.5% before payback giving around 10 boepd for the 2 wells. Most of the pay is gas.

Whether it`s worth drilling any more depends on the cost of the wells. No Company makers around here.

Just not worth selling at $0.001 or cap of $1.2m. Even this punk outcome gives annual revenue of $200,000 and if Avalanche is online as indicated by the end of the month there is another $300,000 p.a. but whether they are still doing 32 boepd I doubt.The steep declines at Comanche will test cash flow.

And what happened with the second Charro well? If you look at the website there is a header saying that it was successful but nothing when you click on it and no ASX ann.
Only a couple of barrels a day but a decent % of current production.

They will drill a third well but does that leave them enough cash for the Catahoula season beginning February?

Think we need an update on the update!