hi guys..
(icn) taking a beating..
after hitting a high of 10.5cents
almost back at last weeks price 6.4cents..
as they say buy on any weakness..
they've wiped off any results for nulla nulla, and as yet the jury is still out..
if it's not a positive outcome how far will the share price fall...
from it's current position not that much imo..
plus see below.
USA Operations
In the Bayou Choctaw Field in Louisiana four work over wells have been re-entered, cleaned out
and new production equipment installed as part of an initial work over programme under the
farm-in agreement with CLK Energy Inc.
Oil production flow rates will be advised as soon as stable production rates are established.
The seismic data cube (3D) has been reprocessed and is currently being interpreted prior to
drilling the first of a series of new development wells which are scheduled prior to 31 December
2004.
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