RE:Updated PresentationIt seems strange to me that company would go to the trouble to update this, if news was close. I can find very little change, other than they removed "24 hour flow test" on the maps referring to BG-1 flowing at 3..4mm/cfd and on the web site saying that BG-1 is averaging more than 3.0mm/cfd.
Anyone else see anything that has changed?
I am wondering if they are going to frack and test the entire 128 meters of net pay before releasing any news? I was hoping, they would release intermediate news on their testing since it is a large net pay. CNE recently did this on similar gas well and did 3 news releases, each time they tested a section. They were about a week apart.
I assume this process will take about a month, does that sound about right to some of you techies?
A second question, once they test the shale zone, think they would also test the shallow zone even if some commercial gas is found deep? For example, let's say they can average 1mm/cfd from shale thus somewhat prove it up. Would it make sense to then also test the 14 meters of conventional pay in the hopes that it might produce at an equivilant level of BG-1 or in excess of 3mm/cfd. And if it did, only make sense to take that immediate cash flow in order to have more excess cash for exploration at a faster pace?
This has been a pretty dead board, just trying to get some discussion ongoing while we wait.
Thanks