yes added in low 6cents today. (I was lucky and sold out at 17c and 21 cent previously). Now have my full position back.
to be honest I actually think the result is good. Huge resource. It worked for me because I have got back in again.
I am disappointed that the company did not have access to pumping equipment. They had all the extra time to get ready.
They should drill a lateral hole into the 750bopd unit and start pumping at 2,000+ barrels per day if possible. Then drill another 20 or 30 or 40 holes into same unit and do the same.
this is how I see it anyway. I have played oilees for 30 years and compared to all the crap i have traded the amount of reservoir intersected in this field is huge.
couple of years ago people were pushing aurora etc ufor slow shale production from huge lateral holes. I am waiting to see what i have missed. it is all stacking up with my expectations except the sp which i thought would be teens on that last announcement.
just my opinion so do your own research
MAY Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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