I think you are right about not knowing the flow rate. I have seen similar size sands give very good flow rates in other wells drilled in the GOM adn those were stand alone type situations.
PSA already has the infrastructure there so it is just a matter of how much additional revenue they would get by drilling the well.
But, then again this is just par for the course for PSA not telling us what we need to know to make an accurate assessment of the well results.
Also a good eaxmple of wht PSA is a trading type share and not a core holding. You can get whip sawed in one day AND IMO
also it looks like another example of someone getting a sniff of a "bad" report and dumping right before the announcement and dumping a few shares.
This seems to happen to many times with PSA to be a coincidence....
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
