Yes I'm not expecting much from the Quarterly report due out the end of this month. It will no doubt be similar to the last 2.
I think management are caught in a bit of a catch 22 with this current market. The Ryder Scott report is probably ready to be released but would not do a lot to the sp until they can announce a stable flow. This report would be very well received knowing that CC is producing as expected. On the other hand the sp will continue to drift until we receive positive news.
RR 11-17 cant be that far from achieving a stable flow. As this was the highest flowing well they tested, if they can prove stability with this one, the rest should be a walk in the park. I'm sure they are being very careful with this one, so once stable, it should all be downhill...... I hope.
MAE Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held