SPI was one of the few green spots last week in my holdings. Just wondering what was the driver.... Going through the last operations update this kinda stuck out.
At b-092-H, new techniques applied in January 2007 to create a consistent flow of formation water have resulted in a more stable production rate of natural gas in the range of 150-250 mcf/d. The Company plans to apply these same techniques to the other three test holes in the pilot project over the next ninety days before making further drilling or tie-in commitments.
I am also chipping away at RIX these days. Their Ardley project is another high risk high reward wildcat type CBM play in my mind. It is backstopped by a bit of conventional and HSC production.