Here is my guess of events so far, partly explaining what I believe the reason for the run up in price, with one hole in my beliefs and that is we still have seen no movement in Cairn’s sp which I still think will be a good indicator. And because we haven’t seen movement, there is still the chance the tight hole policy is working and nobody knows a thing, FAR sp run up, who knows why?
But, it would have taken 4 days to drill to about 4700m where the primary probably lies. Give them 4 more days to drill to TD around 5000m that leaves us with 1 week to fill in. I’m banking on testing, sampling and cutting cores being the reason for delay of TD and movement toward the SNE-1 location. Further elevated gas has warranted the testing.
& perhaps the recent run up in FAR sp can be attributed to about the 4-5 day mark of testing, which has potentially proven a commercial system here. That’s my 7.1c worth
But you would thnk a TH would have been called after Tuesday to prevent anything futher?
What are other peoples estimates on events so far? We can either sit and wait for the facts, or have a bit of fun and throw some theories around?
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