1000ft of stuck pipe could quite possibly mean that there is no cement between the casing and the well bore.
If this the case there has been some major calculation errors, or some serious pump problems.
The more I think about it, the more of a *uck up this looks. Basically they haven't pumped for long enough and bumped the plugs. 1000ft of cement (if it is that????) is a lot of bbls of cement.
This is all worst case........sorry it sounds like a downramp. But the sp is heading south for a while while this gets sorted out. Good oppertunity for bargin hunters at the moment. Yes a little disappointment, but she come good. When the leadville is broken, I think she's hiding something.
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
