Good riddance NIS.

Here's what I said on December 2nd 2014.

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Lets see... NIS is poking around in the shallow Algyo play that contains at the most about a half TCF gas.

That's not really a huge amount of gas, but still it would be nice to get. You have to realize that MOL the Hunagarian energy company already drained the Algyo formation over the course of the last 60 years. What's remained at the the bottom of the Algyo formation is in narrow intervals and is unconventional that requires horizontal drilling. So, NIS must be the only company in the 21'st century that does not know that. They say NIS wants to drill a third well, I say if they don't go horizontal better forget about it.

Then again, maybe things aren't what they seem. They maybe poking around the deeper Algyo and right into the Szolnok formation to learn about the deep Mako play. Afterall, The deep Mako play contains 70 times more gas at 35 TCF.