RE:RE:Groundbirch 4-17 - 3 well padThanks BTO, I should have re-read the Q1 report. I think this is where Crew should move up some capital to complete these 3 wells ASAP. It appears that a pipeline is already in place although we obviously don't know if the existing pipeline has the capacity to handle the flow from these 3 wells (thats maybe a positive sign).
Completing these 3 wells quickly can have a positive effect in a number of ways. Obviously it will increase production/flow and this flow may not yet have been included in Crews forecast as they have not finalized the completion dates.
Secondly, completion will prove up some reserves.
Thirdly assuming results are positive which is likely, interest from Shell and other interested Producers (Arx, Tou and Cnq) will be piqued.
And lastly positive results should have immediate effects on share price. All of a sudden it is not just about Septimus, but now about Septimus and the massive Groundbirch. I think this is just as significant as a land sale which is also required sooner than later.