RE:RE:RE:CEO Sean Guest on Q3 2019 Results-Earnings Call TranscriptThanks!
I think the company is moving fast for sure because it is not paid by equinor 100% anymore. Inali was extremely slow due to equinor.
My understanding is they were doing one frack zone by zone and the dry gas column is very long and continuous and water free and stable gas. So they have plenty of room to work on. They can do 10 frack vertically (at least), highly deviat (60 degree is 3 times on top of that, which is 30 times?) or vertically with the best zones? Their best number so far is 0.8 decline to 0.6 With one frack? So I don't understand why people are so concerned about not being economical.
Now the question is, is deeper the better, which is against intuitive, since deeper rocks are tighter? We have to wait and see the dev results.
Then they drill the next two wells to prove the new geology model?
Anyway, with given timeline, I think VLE itself moves a lot quicker because most employees are paid by stock.