Where from here?
No doubt today's news is very bad. Not sure why they would waste more money testing the igneous in the Fall. However, the conventional in the south should provide support at the current level, that seems to be stabilizing at the 40 cent level.
"preliminary analysis indicates that the Vaca Muerta shales in the La Hoyada well have a total organic content ranging between 2-3%."
Does anyone know if 2-3 % in shale is considered to be good or bad?
Maybe they can sell the Vaca Muerta shale rights and retain the rights to the igneous in VM and the conventional in the south