RE: Full Circle - Deja Vu28 Feb 2023 13:10
Icewine1 wasnt a duster, they overlooked the shallower zones, Wall tested deeper zones, independent contractors conclude that had 88e done flow test at smd it would have flowed oil, The petrophysical data is simular to alkaid one.
If 88e are successful at hickory it makes sense to go back to test icewine 1 smd zone.
We have over $20m in bank and hickory well only costing $10m net. We also produce oil/gas in texas which generates over $6m CF per annum.
88e have asset in world class location, proven oil just miles up road.
It is cheap no matter what anyone says..