could some one please explain what naturally fractured gas pocket means?
(in simple terms pls)
this is a copy and paste of the announcement made by WHN today:
Dated: WHN 21 April 2010
MULLEN 1-101 SIGNIFICANT GAS DISCOVERY
WHL Energy advises that it has encountered a significant, naturally fractured gas pocket at 480 feet on its first exploration well in Kansas Cherokee Basin. The well will now be logged and completed and results will be released to the market in due course. WHL is also preparing to drill its second exploration well in the Cherokee Basin namely the Underwood-31-202 well and will update the market on spud. WHL Energy has 100% WI and a 87.5% NRI in the Kansas Cherokee Basin Exploration Project.
And also why they drilled 480 feet when all they had to do was drill up to 300 feet?!!!