Substantially Undervalued, O&G Situation in play, page-31

You can make of this what you want, but on Monday (USA time) someone my geologist vaguely knows took a trip along Darden Road in Polk County. It passes within half a mile of the wellsite in a sort of 120 degree curve.

There was no derrick to be seen, so it looks like the first well has reached TD.

Which if true opens up several possibilities.

1. The well has been P&A'd and they are now moving (or are preparing to move or have moved) the F-12 rig to Tyler County.
2. They found something of interest in the well & have cased it, ready for future testing and are now in the process of preparing for that to happen but haven't got a workover rig erected onsite yet (otherwise it would have been visible)
3. They have drilled & completed the well plus all the work required by the workover rig & are carrying out an extended flow-testing of the well (highly unlikely given the known timescales).

Interesting times I feel

LOTM