RE: WAAussie13 Feb 2019 19:24
Moneyhawk - are you for real....The purpose of the well was to get a flow rate, to prove the science as a reality, 100 barrels per day was the yardstick for success, we failed miserably. If we got any flow rate and not a dry well, the price would’ve been flying as we would of proven that the shale flows oil. Yes we got some technical data,which is enabling a possible farm out, but we will be getting a far worse deal than if we got the flow rate - we could’ve probably drilled the horizontal ourselves by raising money at a much higher price and it would still be our #1 priority and not second fiddle to the conventional.