Was re-reading the prospectus summary of this only this morning. Potential for 30bcf in Cattle Creek and 300bcf in Reids Dome. Plenty of opportunity but plenty of work to get even near to proving the assets.
It's been holding well based purely on tight supply. I'm hoping the program will provide support rather than expecting any real upside from near-term announcements. Will have to wait for the results from the planned appraisal wells before there's any real understanding of the potential here. Hopefully well before the escrowed stock starts to hit the market in Oct.
GAS Price at posting:
34.0¢ Sentiment: Hold Disclosure: Not Held
