"The fracture stimulation program was completed during April and a coiled tubing unit is currently being used to drill out all the temporary bridge plugs set between each stage and clean out the well bore in preparation for extended flow testing of the well. The flow testing program is due to commence in the next few days and the full program is expected to run for approximately 60 days to establish a stabilised flow rate from the Warro 3 well."
The way I read it there must be a delay with drilling out the bridge plugs/well bore clean out. Nothing to be alarmed about. They will start flow testing in the "next few day". However, I wouldn't expect "significant" announcements for some time as the flow testing will take at least 60 days (probably 75 days) then further analysis needs to be carried out. Hopefully during this time we get an update or two to maintain our 2.5cent support (and that being my average of course!) IMHO...DYOR....
I’m happy to wait and focus on some other short term plays.
TSV Price at posting:
2.5¢ Sentiment: None Disclosure: Held