Attention Marxist
did you notice from todays financials it mentioned the porosity of Warro 5 & 6 are 9.8 and 9.5 and the wells have been drilled into a sandtone formation. if you are looking for good news, go to Wikipedia and look up Wattenberg Gas Field. it doesn't say in this article but from my research I have found out that the average porosity on this gas field is 9.5% in a sandstone formation. Initially the wells they drilled were dry but in 1981 they started fracing and unlocked the gas.
In 1973, the field was thought to contain 1.1 trillion cubic feet of gas. Through 2008, the Wattenberg Field had produced 2.8 trillion cubic feet of gas.[5] In 2009, the US Energy Information Administration listed Wattenberg as the 10th largest gas field in the US in terms of remaining proved gas reserves, 13th in remaining proved oil/condensate reserves.[6] As of 2008, an estimated 5.2 trillion cubic feet of recoverable gas remains recoverable.[7] In February 2013, the field produced more than 740 million cubic feet of gas and 100,000 barrels of oil PER DAY, from more than 22,000 active wells.
I have no faith in this mob but they might just stumble across something big. They might do a Bradbury. I am out but still watching.......
TSV Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
