Zia / Hendrous, If you go back to the original Investor Presentation released 8th Aug, and fast forward to 9min 45sec, Tim says Barnhart went on flowback/production over the weekend. So that makes it around 4th Aug. Also says it was very encouraging to see an initial flow of 1200-1300 barrels of (total fluids) a day. Listening on (11'10") he states that the results will be released through the end of the month.
Looking at the charts... We could have our 6th consecutive higher weekly close if the sp continues north. Now this can vary, but a break through 58¢ might see the sp back near 70¢. So, as much as we are all anticipating Barnhart results, if we can get a break before it's announced it could have a greater impact on the sp (that’s as long as we get over the 550-600bopd).
MPO Price at posting:
53.0¢ Sentiment: ST Buy Disclosure: Held
