Sorry lost internet service for a few hours typical
The fact they drilled an extra 38M is interesting to, as it might indicate one of two things or even both, the formation was thicker than anticipated, the formation was deeper than expected, or a combination of both.
I don't think they would be wasting money running wireline logs unless they had found something of note.
Doesn't mean its a commercial well, but certainly better than an immediate P&A
I've been wrong many times before & will be again, but to me this has Birkhead formation written all over it. Not the one I was hoping for because of the lower IP rates it has compared to some of the others.
I'd like to think from the info so far and Senex's 67% success rate for this type of 3D play now, that we're looking at a 80% chance here. We'll know soon enough
Personally I think someone was very lucky getting filled at 1.9 cents. Wish I had more free cash.
GLTA
LOTM
PGS Price at posting:
1.8¢ Sentiment: None Disclosure: Held