"If the production test delivers commercial quantities of oil and gas, the well will be put into production. If not, the well will then be drilled down to its primary objective being the Niobrara Formation. The remaining drilling, being ~1,200 feet, will occur after the next well, the Powell #1, is drilled and completed."
Why wouldn't you drill down to your primary objective to begin with? Already an excuse to not complete this well immediately.
FPL Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held