Spoke with the company today to understand a little more about production testing status and scheduel for myself and for take on general vibe.
Lot of what conversation covered in my phone call has already been covered by T-shirt so no need to go over that ground. Production testing for PD-2 was to commence tonight, which of course is the more exciting prospect given the deeper additional sand found cf with PD-1 which latter as we discussed seems to indicate commercial based on intial testing but debris problem for tooling means will need to retest after PD-2. I would be looking for signs of some positive results chart and price wise from tomorrow from PD-2 onwards up to the next week. Pretty tight ship I understand so maybe such signals will be harder to find.
Came away very confident of receiving some good commercial flow rate confirmations over the next week or weeks. A lot of these conversations I have with companies is to just pick up the vibe, and that vibe came across as bullish and confident, but a company that also likes to underpromise and over deliver.
NEN Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held