IMHO We should receive an update before Monday’s open. Accordingly I feel that we will see the SP above 3.5c today. Although the market depth now looks pretty thin I have a feeling there will be a few big buyers on the sidelines whom will come forward today.
As pointed out by PLM and others that “mechanical bridge plugs or packer isolation devices are routine”. I really can’t see why this drill won’t come into production. For me the two remaining questions from here are 1) at what profit margin 2) and to what extent the pressure will dissipate during production. The later being brought to my attention by Occam who has since sold out. Wonder if his following the progress?
Good luck all...and...in the words of the Late Big Kev...”I’m excited!”
DYOR
TSV Price at posting:
3.1¢ Sentiment: None Disclosure: Held
