Wilson I do see where you are coming from in regards to CHK.
"I just hate reading over inflated crap. There is no need for it."
Totally agree SUD, I'm sick to death of it as well. I'm all for beige positive which yesterdays announcement was, however I don't see how going completely over the top is beneficial to people o this board, it may make people "feel" better about there investment but is just unsubstantiated feel good talk.
"If the well is flowing oil but it is unknown of its potential and you need to perform a production test over x days, where does the oil go during this test time? I am sure there isn't a dude filling up a line of barrels with a hose. How do you separate the water and other unwanted fluids, gas, sediment if the equipment is not installed."
Again SUD agrees. These facilities are built because there is oil flowing and the geologists, engineers etc. "THINK" that the well will be commercial. However to prove a viable well there is no other way then production testing and these facilities are needed to do exactly what SUD has said, separate/store oil, water, gas and sand etc.. Thats is exactly what is going on here, the facilities are being built to production test these wells for commercial viability. This is standard practise everywhere, yes its positive they are being built on site of a small caps wild cat wells.
However installation does not mean commercial viability of a well, this will come after some production testing, furthermore installation these two wells certainly doesn't unrisk this play. Am confident on this play, however I want a balanced view and not over inflating SSN's current situation.
SSN Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held
