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16/01/13
13:16
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OK I've done my own research and I'm confident the permeability likely won't be an issue IMO.
It's well cleated and there are wells flowing extremely well with much lower permeability elsewhere.
Given the size of the market cap, the upside here is well worth the risk.
Keep in mind too that modern technology has come a long way and may help with the low permeability (not necessarily fraccing).
We know the gas is there, we know the coal is naturally fractured.
At an $8m market cap, this is a buy for me.
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