It's not the reserve report we were waiting for but, DAMN, it has additional information in it... the gas and the additional 1400 acres. The reserve report is coming a little later than expected (can't complain too much because the reason it is late is because they found additional info and from the Feb 9th press release I bet it's the additional info relating to the newly discovered pay zones) but we get this additional great news. I can definitely deal with that! :)
It is Hemi"s belief that the new 1400 acres, when compared to the new reserve report for five Woodson County leases, will be comparable to the probable reserves in the report and also based on Hemi"s library of geological information for Kansas.
This could be huge IMHO. 1400 acres is just a little over only 2 square miles--not much ground really. This area could have as much in reserves as the 5 Woodson County leases combined. Think about that!
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