its definately what the current agenda is, drill the sugarkane and test zone 2 & 3..
There is no indication whether the chalks can or cannot flow, so the current sp drop is not indicative to anything, its just sentiment. and good buying
In 4 days the kennedy 1H well will be turned and a few days to case it off and cement it in.. so by next tuesday we will be drilling into the sugarkane with Kennedy 1H. and if we have the same geology as Kunde 3 experienced, then it will be a hell of a job getting to 5000 feet and it will be constant news updates days after that when its fraced and flow tested.
Changing things around on the SL1 well and setting up for a refrac is costly and i believe will happen regardless. if they definitively knew it wasnt needed then it wouldnt be on the agenda, and IMHO its needed and will happen.
the refrac has been on the cards for weeks, todays announcement was not unexpected. its just out of all of our control. its not proof the chalks can not flow!
ADI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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