"Are you aware of any other Gas stocks that have gone through this process recently to productionise a well?
All of them...but, its more useful to answer your Q like this -
I have been a part of a company/companies who had no idea of how to Fracture Stimulate successfully and i have therefore learned what not to do and what some early bad signs can be etc.
And given the experience, i feel that the right thing is being done by management here. I mean that, not just with the wells themselves, but also with their business model - turnkey contracts, tendering process and outsourcing etc etc.
It reinforces individual responsibility and delegates it away from management and therefore nothing is kept hidden from us shareholders as the management arent ever needing to save face for errors...they just sue contractors instead lol. So yes, we have a good model and most companies frac simulate wells to see if they can improve maximum output potential. If you can make the gas come out faster, why not...? So they all try.
"Has there been similar uncertainty in the share price in the lead up to announcing flow rates?"
In other oil/gas companies you mean?
Volatility should be expected whenever you have 5 - 10 speculative companies all doing well at once on the ASX.
About us, volatility can be expected nbecause we are a penny stock and are attractive to those who don't understand the industry but only go for the cheap shareprice and high return potential. And they therefore bail easily too and go in and out of spec stocks with "sensitive announcement hopping" style investing.
Expect big gains and sudden corrections with us, but know that in the long run and company who is making hundreds of thousands of dollars per month will become an expensive share to buy one day. Stay long.
Cheers
L
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