If it produced 2.2 MMcfd last time, and with liquids likely, then I believe these wells are well worth revisiting. To date, no real effort has been made to improve production rates through either horizontal drilling or fraccing as they do in the US for instance simply because the economics made no sense previously with remoteness and low gas prices. This situation has complteley changed now, plus if the follow up with new 3-D later they should be able to chase natural fractures.
What I'd like to see though is a plan to ensure no more inconclusive results. The drilling plan needs to be completely rethought and Eric touched on that already.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held