"I don't reckon anyone in their right mind is going to report uncorrected formation pressure (i.e use a gauge corrected value to offset background hydrostatic pressure)."
I wouldn't have thought that anyone in their right mind would flare a well for 24hrs and not measure any flow rates. But this is GDN.
"I would say because there is a lot of financier pressure on GDN, they are getting the runs on the board as soon as they can in order to satisfy investors (private and instituitonal)..."
If they had wanted runs on the board asap they would have re-fracced with the first rig. On the other hand, because of the delay, they have got all the options exercised which must surely satisfy the financiers, so maybe you are right sandlion, in a round-about way.
GDN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
