RE:Well #4 pleaseYou could be right, but I see a different scenario, If it was a dry hole, the hole would be cemented in and the rig would be packed up and sent off so the daily rate would stop accruing. The drilling rig has been at this hole for quite awhile. You may recall that BD (Big Don) said that no information would be given out while the drilling was in progress. I think something unexpected happened and they are trying to recover from it. Examples could be the drill bit broke apart and they had to fish it out. Or the well logging instrument was lost down the hole. Maybe too much gas pressure in the hole and they couldn't keep the mud circulating to name a few. Most of these problems have solutions that can be fixed. The fact that they have been on this hole for ar least 50 days leads be to think they have found something big and they aren't walking away from it. If there was no Helium they would have cut their losses and moved on weeks ago.
If it is a dry hole (remember there could be 5 or 6 zones capable of producing HE gas) they just move on. If there is a technical problem it takes time to fix it. If the hole has been compromised they just cement it in and move over a few meters.I don't know if this would take a new permit or not.
Someone on this site checks with the state and sees if any new permits have been issued. Could that person please check again and post the results. Maybe we will get some answers in the next day or two. I sure hope the final outcome benefits all the shareholders.