Yeah, petemorr, I agree, they said 'several' weeks and it has been a month today so we must be getting close.
I can't see the flow test giving us a big lift because, as others have pointed out, it is only to suss out the natural geothermal system encountered on a single well, not a proper 2 or 3 well circulation flow test (the type that, if successful, means you can dump a power plant on top of it and you are off).
This is PTR doing their DD before deciding where exactly to put the next well. I think the SP might be in the doldrums for a while yet. If the next well is successfully drilled, that should give a lift. Also, the 'proper' flow test next year would be a major milestone and should lift the SP considerably.
I'm still pretty positive about this stock because the frac went perfectly and they just seem to be steadily moving forward towards their goal of first production in late 2012.
PTR Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held
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