Meathead the recent GOC presentation and the BRR interview of a week ago were positive announcements regarding value and possible field development plan.
KC said in the interview testing equipment was due on site at PD-2 last weekend. Set up would take a few days and they hoped to commence work before the weeks end.
Personally I hope they perf the liner today, run clean up flows for several days and provide results asap thereafter. The unknown is just how long the Fruitvale will take to clean up.
Given the ambiguity of the flow rates in PD-1 because of co-mingling, the good flows maybe confined to the LS sands so we could get a no result for the Fruitvale but get the result in the following test of the LS.
Either way an announcement is probably a week or so away. Nice if its earlier.
NEN Price at posting:
32.0¢ Sentiment: LT Buy Disclosure: Held
