Doesn't look that exciting to me. 25% interest (18% revenue interest) in a lake where meaningful on-lake drilling can only be performed approximately 4 months of the year. Also relatively deep drilling required.
Other bad news in the update regarding the European Seam Methane project and of course the duster.
Overall a negative report card. The good thing is they still have quite a bit of cash on hand and really there is very little downside from here at this point in time.
FUT Price at posting:
0.5¢ Sentiment: None Disclosure: Held
