The Hoppe is in the middle of a 1960s field that is drilled up and depleted. From what CF says, I think he believes drilling in depleted fields is low risk. It is low risk of a dry hole but high risk of a well that doesn't payout. Since BECC is as transparent as a lead safe, I really don't know what his prospects are based on. Should be another corporate presentation coming out soon. Maybe it will review successes and failures since the last one.
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