Yesterday saw a market over reaction to both the PCL and SGC announcements which then carried through to EME on the UK AIM market where in fact this was seen as a buying opportunity and private investors piled in. Tulainyo and Dempsey each have many gas saturated zones to be tested, the permeability and porosity of course are the factors with Dempsey hopefully fracking taking place and zones then being co~mingled in order to achieve commercial flow status. Tulainyo has everything to play for as well, please do read the announcement once again. It’s those deeper zones where the greatest potential reservoirs lie but are therefore obviously the hardest to reach.
Don’t discount California therefore where there is a HUGE demand for locally sourced gas and is prepared to pay for it. Don’t also forget we have CRC nearby which I understand ~ but please DYOR ~ has allegedly been competing for licences near to SGC. You can bet your bottom dollar if that’s the case, they are absolutely watching PCL and SGC’s progress with great interest.
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