RE: Scott/rabito13 Apr 2023 10:55
The answer to all of this is that the flow testing will demonstrate whether or not we have a commercial well. Simples.
Yes there are all sorts of obstacles to that and some of the potential issues can be cited. But in fact you do not know. Trust me when I say that if it was known that the Hickory 1 well will not be commercial we would all know right now.
Also , if we were flow testing right now, the SP would be far more interesting today. This play was immediately bumped into next year when 88e told us all that flow testing would be next year (I do t think this year is likely and certainly outcomes from that next year but could be early next year - I’m speculating about ‘when’). My money will sit with this and I was fortunate to invest at a good price relative to the SP in this investment cycle. So for me it’s hold and maybe accumulate. Has to be money I can afford to lose of course and has to be invested at lower price than I started. But that’s what’s happening because there is always more jam today liquidity in AIM than long term investment.