Pantheon Resources - US Gas Play

Something to bear in mind is that increasing depth doesn't correlate to increased chance of commercial hydrocarbons. GGP had 5 zones with La Playa Deep (spanning 600ft gross) and they tested from bottom up. It was the lower 3 zones that failed to produce. The 4th lowest / 2nd shallowest did produce until they fracced it but then it died on them. It was the shallowest zone that produced for them. Similar pattern for them with other wells on Padre Island (i.e Home Run, which flowed at 2mmcf/day after fraccing from shallower zones after the deeper ones failed). Don't have access to any details on the depths of the zones that failed to or did produce though so I am not drawing or making any conclusions regarding whether or not the deeper zones will be productive, despite how it may sound. Not being negative about this, just stating facts for what they are worth. All they needed was 1 zone to be commercial and flow at 1.1mmcf/day with some oil and condensate. We have nearly double the gross pay in a known productive area. The shallowest 25ft zone is wet and non-productive, so be it. Onto the next zone m'hearties.....