OMA results we hope are good- but they may also have faced some challenges- after all, this is pioneering stuff they're attempting. Trevor hasn't quite built a rod for his own back (unlike Neil) stating 2-3mm cfpd as a great result from the flow test- if it's below that, you'd like to think they've understood why and have market appeasing explanations and justifications- again, unlike the cluster f**& we went through.
They may look to raise more money and have another crack straight away another horizontal off Canyon 2, to validate findings & refine technique from Canyon 1H. If this eventuates, it'll be more data banked for the Taroom for everyones benefit.
The big question of course is- what does this do for EXR in the near short term- and can the sp get to a worthwhile number to even begin to attract SPP participants?
Hard to see at the moment- and like you say, much better buying on market at these levels.
EXR Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
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