Even the smartest people make bad investment decisions at times and the least smart make good decisions, we can speculate all we want about what happened in the past with water, all gas gone, never pump any gas, flows of 100mmcfgd, or CEOS excited about being profitable in the near future.
I have heard a lot of amateur hydrologist and geo engineers give there opinion, but surely these companies would have done due diligence???? You would hope so.
The proof of the pudding is in the eating.
Its all conjecture. How long will it take to pump the water down? That's a good question! I remember that it needed to be 200 feet or less above well head some years ago.
Eagerly waiting to see flow rate facts, if good flows are achieved then this boom!
If not well............ thought my money was gone anyway.
MAE Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held