RE: SP
No company has that type of cash to spend on drilling down to what may be gas.
The pressures are too high. It took so many months to reach just three-quarters of the TD.
Perhaps if crude prices reach USD150 will producers have the spare cash to undertake such an exploration.
And hopefully drilling costs do not move up in tandem.
Meanwhile, who is paying for all the expenses that the company may incur at the moment?