CHACO RESOURCES (new name for GMN)

GD Trots

Just a quick commentfor now - suspending the well does not mean much I believe at this stage. While analysing the log data, the rig can be moved to spud a second well. Or maybe lack of testing equipment is the reason at this time. Its never easy to second guess the why & the what from annoucements. It could be waiting on SLB.

From above RNS, it would seem to be the case, that analysis is the name of the game and keeping productivity on their rig in the interim. It also seems that with the well haveing been cased, is a good sign. On time scale, no idea right now. Will look at it some more.

Best

Jay