I doubt many people understand the announcement. I don't, and it seems others don't. People have sold out because they don't understand and jump out as soon as they see the SP lower.
I cannot tell you if it's good or bad. It seems like maybe a hiccup, as things have not gone plain sailing...
It sounds like the Lower Zone, of which the water/frack fluids had yet to be released was already releasing hydrocarbons or the water/frac fluids, or both, into the Upper Zone. Which sounds to me like the rocks are very porous. Which is good right?....
They said that they knew the rate and pressure seemed high and understood that this meant the lower zone was also contributing to the Upper Zone. So that indicates that pressures are good as we already knew.
So the pressure in the reservoir and the porous rocks have forced the reservoir to flow with no assistance?
As it was already co-mingling - they just drilled out the plug.
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I doubt many people understand the announcement. I don't, and it...
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