Just got off the phone with Tom...was saying the first well to be drilled is within 1/4 mile of other wells, in a field of hundreds. EDEX interest upon success would equate to approx. $1000 p/day on a $66K investment. Not a bad return.
Was also saying the N.M. zone, if successful, would first produce LNG, for near immediate revenues. Since he has considerable confidence in this zone, a total of 70 other targets exist.
With the success of 3 wells, the local pipeline company would build the line to them, at pipeline co.'s expense. Not bad, either.
Also mentioned 3 more items of 'notable' PR to come soon, once he has certainty to release.
EDEX continues to look more and more like a decent risk/reward investment. FWIW & GLTA
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