QPRE: PPHWhere is the proof they have a valuable asset in Porcupine Hills?
They need to prove they can get some production out of Porcupine hills. It might be a smart move by management if they can at least get some production out of the vertical, which can then in turn pay for a future horizontal and improve reserves.
I'm holding for the value of Pierson wells alone. We should know the results of the Pierson wells by mid-november. Good to see the management is putting out news on a regular basis, even if it isn't the next I wanted to see.
Thanks,
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