RE:RE:RE:3,000 metre horizontal will change this company
are they not doing 300m laterals right now? so this is 10X the length. This is huge for the company, and the trading shows it .... its what rocketed Dee Three .... and right now AXL is very quiet about (while disclosing what the need to), and its why there are so many bids there all day long taking up the losers selling shares. From the press release .........Recent technological changes include repositioning the trajectory of the horizontal well within the Cardium zone to maximize frac effectiveness and using dissolvable frac balls. In 2014, the company plans to drill its first long-reach horizontal well that is expected to traverse up to 3,000 metres of horizontal Cardium net pay. It is anticipated that the long-reach horizontal wells will access Cardium reserves in two sections of land, as opposed to the current one section of land per horizontal well. There is a capital cost benefit to drilling a long-reach well over two sections as compared with drilling two wells each traversing one section of land. There also is a reserves benefit with longer horizontal wells due to additional reservoir contact. ....... note this well is being done in 2014 ...... which gives you about 80 trading days left for the stock. .......Giddy up ......