Very cool map and info. Consider the gas found on the Hemi Collins and the pressure. Now, take into account what all the other old wells did and at what depth. Consider reasons for tight hole status. Consider the size of the Collins lease.
I don't know all the details and maybe Mur or someone could fill in some gaps here. But this looks like a nice set up for horizontal wells on this property for the gas. From Hemi's exploration deeper on the Collins drill, untouched by previous wells. That could be significant. If it were me, I'd do several wells if I was investing in getting NG to market.
It might be a smart move to continue avoiding debt though. How to fund such drills? They should look to increase production, and maybe consider an aggressive yet high producing horizontal well to get oil on some leases. Oh, wait. They're doing that already.
bdahl - good find.
