RE:Has Everyone studied the Dec Presentation?
Thanks to all who post some good stuff here. Valuera has another 100% owned well right on the south boundary of the Barnali, the dogu osmali-1. it was drilled to 2100m in late 2014 showed gas pay and was cased and being evaluated, be nice to add some more gas on the cheap. There contracts sez they must drill another 3800m well in the Barnali within 2 years. if they can bank some cash, maybe they can drill it early. I am reading this as there main play being the deeper shale in there Barnali lease,and the conventional gas paying the bills. If they can prove that shale out economicaly with some good reserves without bringing in a pardner or adding debt or shares, that is the big pay day.