RE: Never cryPFCshareholder,
Analysts give 5% chance to make it flow economically AFTER fracc simulation. We already have a lot of data with the past vertical wells so we know a lot of parameters, like porosity, permeability..... The permeability is so low that we know for sure that it can flow economically without fracc simulation. But Analyst give a 5% chance of success to make it flow economically AFTER Fracc simulation because it is very challenging to find the proper Fracc recipe.
As I said in my last post. Look at all other past failure : Exxon with the mako shale in Hungary, Apache with the Frederick brook shale in Canada, Encana with the shale formation close to Seatle, Transatlantic with the Thrace shale in Turkey......and the list can goes forever. They all walk away after spending a minimum of $50 to $100 million in trying to crack the code to make the shale flow economically AFTER Fracc simulation. But it did not work. Risk here is massive. I confirm you are very naive........