Been studying the whole scenario of 175 trades today. I don't think these all came from people on a bb such as this, especially with some very big trades entering the fray, finishing 22% up and only a quarter penny off the days all time high.
Something gives I think. Have they just possibly encountered signs of gas in one of the first two potential targets.
Total drill depth at Glantal is 2200m which started about 35 days ago with 45 days overall to completion of total depth target .
Yet by now we should have entered at least two of the thrust sheets (out of three) where it states in the comapny report that some 1.2TCF could be be contained in the smallest of these thrust sheet traps. These can be reached by 900mts of the well bore.
In the report it says "Two of the upper thrust sheets to be penetrated by the proposed slant drill hole Glantal - 1 will be locally fault closed with the lower thrust sheet having independent four-way dip closure as well as greater fault closure".
"The proposed drill depth of the Glantal-1 well is 2200m (-1925m SS) which would test the petroleum potential of three thrust sheets. The upper two thrust sheets are 175m and 300m thick with the third and deeper thrust sheet being thicker and can be tested by up to 900m of the borehole. The well would be deviated below 700m with the entire target being the Westphalian coal measures."
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