AZZ antares energy limited

Ann: Weekly Operational Report , page-13

  1. 128 Posts.
    lightbulb Created with Sketch. 16
    Very interesting. I'm not sure how comparable the development of the two wells is though. I'm fairly confident that the frac carried out on Ray #6 is much more substantial than that carried out on Ray #5 from what I've read, and the last report noted flowback at a "very high rate", compared with Cozart which simply noted flowback.

    I actually thought the last report was less encouraging for Cozart, and wasn't too worried about Ray #6. I wasn't looking at it from your angle though, but I'm not sure what management have to gain from delaying the announcement of flowback rates. If they're stalling so that Ray #6 results which are below expectations can be released at the same time as Cozart results which are aobve expectations, I'm not sure why they'd currently be reporting flowback at a "very high rate". I'd expect them to be watering down our expectations at least slightly at this point.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.