Looks like an excellent result! Well done to those still in, 56.4m of potential net payable and 30.8m with relatively high porosity in what was meant to be a tight sand. Also instead of fracing the well they've immediately went for a cased testing programme with production liner/casing installed. Obviously someone is keen to spare no expense on a cased hole testing programme rather than an open hole DST. This is a much better result than most of us in the UK expected, reservoir characteristics read as if they're much better than those modelled in for the 1-3.8Tcf pre-drill estimates. Roll on the second well and the flow test results of the first of the multiple payzones.
Captain Nelson Forties.
P.S. give the pommes a crack at it tomorrow, don't get too greedy!
LRL Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held