obviously still early days so more work to be done to determine anything, but I'd say early progress could be summarised as follows: HCSS - ho hum results. secondary objective. whether this is commercial is tbd but perhaps marginal? IRCM - seems disappointing that no increase in gas was achieved after several more days. to a layman like me, it doesnt sound good. they havent performed any gas flow measurements and they state more water recovery is required so perhaps things are ok but net result unknown. Caryngina - primary objective about to begin.
no positive lanuguage in announcement like they've used in the past. seems to be ho-hum announcement and not what the market was hoping for and so dump today.
any oilers out there willing to interpret results so far?
NWE Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held