Wow! What a news releaseThis confirms a lot of what we have been hearing. No wonder the market cap. of this company is what it is. I for one think it is going to increase dramatically in the very near future - like as soon as the pp closes.
There are now three significant opportunites on these lands. That is why I believe they will add to that land position.
1. A traditional CBM play which was the original strategy when northeastern BC was targeted.
2. A conventional gas play that was identified when the first well was drilled and confirmed with the drilling of two additional wells. I read near term cashflow from this play which is in the Blue Sky formation.
and 3. the doozie. A shallower shale play. Do some dd on shales. This is potentially bigger than the other two opportunities combined. Google "barnett shales" and see what comes up.
The potential resource numbers are scary (read that as huge) and we are only just beginning to see what the potential for this company really is. Yippee! (sorry!)