Ann: Rafael initial flow test successful with gas to surface, page-195

If the test crew did not have to terminate the test, due to approaching cyclone, these early test results would not have been made public.

Because the crew had to leave site, the company decided to publish the accomplished results at that stage, to inform SH's that initial flow had resulted in recovering the bulk of the completion fluid and a stabilised flow had been achieved, by showing nice flare pictures, from a flare stack which had not been installed on previous pictures.


Than they continue to say:

During the initial stabilised portion of the clean-up period, the gas rate was estimated to be between 4 to 5 million cubic feet per day on a 32/64” fixed choke with a wellhead flowing pressure of 970 psi. The indicative condensate gas ratio (CGR) was estimated to be between 20 to 30 barrels of condensate per million cubic feet of gas, however, these are field measurements, and need to be verified by the continued sampling program and laboratory analysis.

This very clearly indicates that the clean up was not complete and the flows of the different phases were not properly measured at this stage. (During the clean-up, the flow measuring equipment was highly likely by-passed, to protect it.)

To dump shares on the basis of this announcement, is in my eyes not a smart move, but who am I?

To take everything in consideration, all Eric tried to say is that they abandoned the test due to weather conditions, which is fair enough.
The clean-up was not complete and they had accomplished a gas flow, with accompanied condensate.

If he wouldn't have made the announcement, he would have been criticised for not keeping the public informed.