It wasn't a duster, but it wasn't commercial this decade and probably most of the next.
May be next decade when gas is 10 times todays price and lakes oil is 10c with 6 trillion shares....
A decade or so ago, 9 bcf was considered marginal, when gas was 1/10th of todays mkt price.
And our gas price is 1/3 of George W's.
But the main observations that I refer to have more to do with phrases, like clean sands in the top of the waare formation . Desriptives that imply hole degradation and ''close in'' late in the drill, and the implications related to proving the liquid zone...
Proving implies evidence...evidence that would be compellingly associated with core samples...
''Clean sands'' at the top of the waare formation were reported which relates back to the core samples
Only sands were mentioned in the anns re waare formation...so by simple accosiation and deduction, the co imply that the waare formation apart from clean sands at the top, must be.....
We also know the depths of the formation in relation to the water line .
Just for starters.
EPR Price at posting:
6.1¢ Sentiment: ST Buy Disclosure: Held