two things that I especially like about today.....
1. We now have a plan for going forward (further variables to be considered of course), with 3 existing wells that have each been completed differently in order to test for optimisation - clever!
The 2nd kind of leads on from the first...
2. ..."The continued testing program at Davenport 1 in PEL 94 compliments Strike’s ongoing PEL 96 appraisal program and the Joint Ventures intend to work collaboratively to accelerate the evaluation of the play".
DONT underestimate the value of that word "collaborative", can be powerful stuff both good and bad but for now I think this is extremely good news!!!
BPT are having no luck with their basin centred gas (BCG) concept. I think the brittle Cooper shale is giving them hell and gas from coal may be an out for them, or at minimum give them some relief until they can sort it out. I really don't care, but for now, I think this is playing straight into the hands of STX who, with their massive coal based position in the Southern Cooper are primed to capitalise!!!
Pure spec
HC
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