There was no announcement when the faulty packer issue arose for example and with past experience I don't expect an announcement when the well is on pump. I anticipate an announcement will be released like whack! I hope it is thorough too. I don't think there will be announcement something like 'next week there will be a full announcement with all testing results', of course I have been very wrong before so who knows!?
I understand the point that this for the main part at Paloma contains unconventional reservoirs. However, there is nothing to suggest that the oil is too difficult to extract and perhaps separate from any mud. That is not to say that will not be the case. My whole thesis is that it is too early to damn Paloma. My other thought is that if Paloma is for the main part a disappointment, NSA production improvements, rig procurement etc. will offset the negative news of Paloma (of course if that pans out). In any event, the ''other' news is well expected and needed.
NEN Price at posting:
26.0¢ Sentiment: LT Buy Disclosure: Held
