1) Pathfinder drilled, with hydrocarbon shows and ready for frac 2) Birch flowing back having had 50000 barrels pumped in. It's STILL flowing back under natural pressure which is great news! Think about this. If they are to get the entire 50k barrels back (ok which they wont), at 1,000 coming back a day that would take 50 days to do. However, they're expecting oil show imminantly, that tells me this is flowing back at a good pace. (and i think we've been far to anxious wanting flows within days of them saying they're fracing). 3) PEL 105 confirmed as being drilled in the foreseable future!! big news imo! that's a re-rating play right there.
AKK Price at posting:
2.8¢ Sentiment: LT Buy Disclosure: Held
