Strike did crap its jocks this week !
I am not happy about it .... many sellers racing for the exit (not me)
I am holding on whilst they attempt a rectification .
What is of concern to me is this ..... was it just a problem with the bend and or slash 100m into the horizontal.... or is it more to do with .... as they got 100m into the horizontal the walls started caviating in on the well bore .... after the well head was withdrawn....
Based on other well results .... has this type of rectification been successful in the past ..... and or do we suspect that these coals are just to soft to stand up to drilling and ultimately fracking a horizontal.
If so .... we could all be is real trouble under that scenario ..... where not matter how much gas might be down there.... current technology restricts it be made accessible ...effectively rendering the permit worthless.
Not wanting to be a downer guys ... but are we all prepared for that possibility !!!
Disclosure: I actually purchased a small parcel on market today at 6.3c BEFORE I posted this ... so I wont be accused of down ramping.
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