Nice announcement...I'm starting to get a little excited.
Imagine if they get some really nice flow rates...which they should given there are 5 lateral per well and thick coal seams...this would be added to revenue from Gazonor...proving the basic business model which would simply need to be scaled up!!!! Strange that we never did get permability data.
Would be thinking 2 months - the time until completion - is the time by which they will want to have completed all the tenement acquisitions and JVs. Once that appraisal well starts flowing - hopefully - there will be no more snapping up cheap acreage...the CBM genee in Western Europe will be out of the bottle by then.
EPG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held