I am not completely sure about the time it will take to complete the program but I would say the drilling is definitely completed as it was only 5 stands of drill pipe. Running the casing, testing the bottom zone then fraccing the upper zone could all take another couple of weeks easy....they could have ran into problems running the casing or got drill pipe stuck in the hole, there are alot of factors involved, so I wouldnt worry yet. I just posted on the other thread that it doesnt look good with the SP slowly dropping but I do work offshore on the drill rigs and things always go wrong so I dont see why it would be any different with onshore.....maybe the sellers are just impatient people wanting to put there money elsewhere, I considered the same but seeing as this stock is so bloody illiquid I am forced to wait it out.
Heres hoping for a good result!
CEL Price at posting:
9.0¢ Sentiment: None Disclosure: Held
