A 25m and 13m interval in a gas well that's not a shale scenario seems pretty thick to me - but what do I know, I'm not an oil & gas guy.
What strikes me is the total lack of technical information. Don't companies typically give some technical details along with the interval thickness so the market can make a ballpark estimate on the upside and downside of the well potetnial?
Also - what's the deal with the partner? - it should have been announced that the deal was extended or dropped. Apparently the company is saying it was extended - but we haven't seen it in print.
The lack of transparency is frustrating with these guys!
I wonder if a call the the TSX would make any difference...