Post by
rexdunx on Nov 02, 2022 2:17pm
eFTG survey
Investor relations has reported that they are following up with a eFTG survey. This is a bullish event imo as eFTG will further de- risk the play; support identification of best targets to drill in regional fairways.
Comment by
Yo_Dog on Nov 02, 2022 7:46pm
I believe these are expensive, as well. Not sure if this is positive or negative. Positive if they have hit oil and need better clairity, negative if this is a hail mary.
Comment by
rexdunx on Nov 03, 2022 9:30am
not sure on the expense. Though, I understand that combined with the 2d seismic the eFTG survey will give the company a closer equivalent, in terms of data, that 3d seismic would have provided. This is certainly a positive development in terms of continued mapping of regional fairways within the area ect. Though, the companies cash burn is becoming a concerning topic as well as you note.
Comment by
pacer001 on Nov 03, 2022 3:35pm
Any idea folks where all this cash is being burned? Drilling? High priced pr/ia folks? More water well drilling? Studies?