we have application in for 3 more well pads, potentially 6-12 more holes
- all averaging 750 barrels a day
- on shore
- cheap donkey pumps
- main game is next
IMO there is a trading house playing this like a fiddle, this was always the outcome at this first hole, heavy oil, pumps needed, many holes needed hence why AP has already applied for more well pads in the area and is already quoted as saying they are in talks with further drill rigs.
smart buying now, could be another dip with the results from the next 2x flow tests on the upper sections but once drill rig is onto the main game next we creep back up to 10-11 cent range for the main game
MAY Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
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