G12mo has always had doubts, trouble is that Senex keeps ticking...

G12mo has always had doubts, trouble is that Senex keeps ticking all the boxes he is going to run out of things to doubt.

Seriously though have a look at the detailed maps Senex put out in the latest quarterly or Reserves statement for Atlas, have a look at how many wells have been drilled hard up against the Atlas border and tell me it is not in a good spot and is not extremley derisked - particularly the north/western half.

The (south) eastern side may not be as sweet as it is not derisked and as such they haven't booked reserves accordingly.