"Well drilled to extended Target Depth (TD) of 16,500ft, with electric logs to be run".
Will know soon enough as to which way this one goes. Looks like someone is having a bit of a punt with volume up yesterday. Interest might be building a bit now as KOG have two bites of the cherry with potentially significant announcemnet at either Lyons Point or Duvernay/ Rock Creek due in the near term. Get one and I agree with "Master" that we will be at 0.004, but get both, which is entirely feasible and we are all on our way.
Don't forget, this is not the same company that it was 6 months ago...and if you look at what is happening over at MKE (the majority JV patner in Duvernay/ Rock Creek), that deal is beginning to put a push on their SP (up about 20%). I think with KOG it will be a bit slower as the mover from 0.002 to 0.003 is 50%, but market is starting to price the potential in elsewhere so I think that there will be some action here very soon.
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