In-fact if the company announces that the casing and cementing went well, we're on our road to success in a big way! Then the issue become how well it will flow with or without stimulation. We know that we're got a pretty good pay zone and many sweet spots to test, so plenty of chances there to go for it and we also know that Golden Eagle has a good reserve from other wells in the area.
That why I was interested to read in the previous announcement about the mutable centralisers and quality cement being used. With using mutable centralisers, the casing will be kept dead center and then there is little chance the surrounding concrete will be bad.
There has been no news to date on casing progress so I'd say everything has gone to plan. Tomorrow marks 10 days since the previous announcement stating it would take 10 days to complete.
GDN Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held