Patients is the “KEY”
A few "patients" with burnt fingers today I suspect.
I was disappointed in today's announcement...they have have recorded "strong flow and pressures"...so why not tell us what these preliminary results are?
Are we looking 1000psi...5000psi...more?
What were the clean up flow rates...0.5mmcf...5mmcf...10mmcf?
Whist far from definitive so early in the clean up, we can as inf ormed shareholders guage likely commerciality here...of course the appropriate warnings could easily be conveyed at this early stage.
I am sure we have a commercial well here...no doubt...but in the abscence of more detail at this stage (detail they clearly have), I have reduced my exposure accordingly today.
Still have more than enough for a reasonable result should they decide to surprise (lol...probably too many if she keeps falling though), but for now I will maintain my reduced position until more details are forthcoming.
Could have been a better announcement though.
Cheers!
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- excellent announcement be patient
excellent announcement be patient , page-3
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