someone told me to short this share when i made a comment on the hype when it was racing to its highs a few cap raisings ago.
i really pity the last few blindsided cap raising investors, indeed i pity anyone in this mess
FD2 has yet to produce anything spectacular, and everyone had excuses for it.. its not a commercial well
FD3 is hardly any better..
FD4 is looking dismal
6.) Frances Dilworth No. 2H In Production a. 7 day Initial Production Rate of 525 boepd b. 14 day Initial Production Rate of 464 boepd c. 30 day Initial Production Rate of 387 boepd d. 60 day Initial Production Rate of 305 boepd e. 90 day Initial Production Rate of 260 boepd 7.) Frances Dilworth No. 3H In Production a. 7 day Initial Production Rate of 552 boepd b. 14 day Initial Production Rate of 501 boepd c. 30 day Initial Production Rate of 429 boepd 8.) Frances Dilworth No. 4H** In Production a. 7 day Initial Production Rate of 445 boepd b. 14 day Initial Production Rate of 340 boepd
these wells are not going to pay back any time soon...
this share is going to get smashed unless AZZ firstly stops putting out ridiculous IP results that the usual suspects here hype up on the forums... and now you can actually see how these wells are not even paying back the drilling costs..
it makes you think that staunch and committed long term holders are now saying that they feel physically ill
best of luck with this one
AZZ Price at posting:
47.5¢ Sentiment: Sell Disclosure: Not Held
