Comment by
2stereo on Oct 10, 2019 3:20pm
Poking holes in the ground is a risky business. No guts no glory always been the same old story. I hope everyone makes some money here. It’s been s long time running for some of us.
Comment by
cr7epl on Oct 10, 2019 4:50pm
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Comment by
MiningMasterAu on Oct 11, 2019 10:30am
I also agree. Would be embarrassing for a multi billion dollar company to be promoting this new entry into Ukraine and hit a bunch of dry wells, especially given their track record. Was on the NAFTA site yesterday and they've drilled 3,200 wells with a 71% success rate overall. That means we should at least hit 2/3 on these new ones. Then we also have the East well starting shortly.
Comment by
loubastone on Oct 11, 2019 11:49am
So chances are we are going to hit for sure, just a matter of how much? 71% success rate is great and man this play gets better and better...where can you find this much upside and its not a pump?
Comment by
MiningMasterAu on Oct 11, 2019 12:26pm
and that's 71% based on ALL 3,200 NAFTA wells which were drilled across Slovakia. Given that NAFTA made a grand entrance into Ukraine, I think our odds are even better on the Eastern Slovakia/West Ukraine front.