Managing director Laurence Roe said then, ¡°The intersection of these shallower gas sands is extremely encouraging ¨C they are prolific producers in the area with some individual wells in the region recovering up to 12 Billion cubic feet (Bcf) of gas."
¡°Based on the information gathered to date, the operator considers that the sands intersected in our well should be capable of producing at commercial rates,¡± he said.
TEX Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held