Essentially, my interpretation from reading between the lines is that they think they might be able to frac the crap out of the entire C sand and simply and cheaply clean it up with a jet pump without worrying too much about the water. To test this theory they are going to try to clean up the upper C sand frac in W4 that was of a decent high and depth and see what happens. They are arguing this frac'd zone in W4 is an analogue to a deep frac of W5 or W6. I’m surprised there has not been more interest today as this could be started in the next few weeks subject to approval. Maybe (like me) everyone is fed up with TSV and is star gazing elsewhere!
Marxist
TSV Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held