RE: This is the real deal25 Mar 2026 12:58
This is a seriously strong development and feels like a real inflection point for Mendell. Partnering with a proven operator like Ritchie Exploration isn’t just another update — it’s industry validation of what they’ve achieved at Rost. The key here is that this isn’t a new drill with all the usual risks, it’s a previously producing well that did over 300 Mcf/day before water shut it in — exactly the problem Mendell has already solved. Add in pipeline access (no need for costly surface infrastructure), exposure to both helium and hydrocarbons, and an 85% initial net profit interest, and the economics start to look very compelling. More importantly, this shows the dewatering model can be rolled out across the region, not just Rost. If this works, it opens the door to multiple wells and partnerships — that’s how small caps turn into proper producers. Feels like the story is moving quickly from “one good well” to a scalable development play.