RE:Price is firming up a bit, good sign and maybe it means we Straight first crack vertical so go deep to get the data. offset well data and seismic not worth much.
key here is first drill encountered ' mechanical issues with... rig' so sidetracked and then stopped short of target depth due to 'high pressure...kicks..'
In alberta lingo- not good.(some more colorfull ((colourfull)) phrases I won't type)
Schlumberger I think saved the day here.
anyway, not saying well is a dud. Just know that "completion" doesnt happen in a week.
what zone? How?
Plan 'b' if first completion attempts fall short?
do facilities need to be built first for proper tests ie water/flare etc ?
Last but not least, is the whole works economical (remember the commitments in that calc).?
Good fortunes all