AKK has shown itself time and time again that they will take the time to get the technical work done properly. Examples are the 1st drill in the EFS, they didn't just rush into the 2nd drill as was originally planned, but stepped back and studied the structure of the formations before planning the next drills (different issue that the drill crew had to be sent home). Then with Colorado their neighbours all had problems with well collapses and there were some scares with our well, but they didn't rush took it slow and steady, got the technical right (they now know how to case the wells for in the Niobrara). This one will be the same, there was perhaps some thought they drill fluids would get out of the way quickly and flows could be measured, but that is obviously not the case. The position is that they will allow the drill fluids to evacuate naturally (so not forcing it by pumping) and this will have a positive effect on the life of the well. So quietly waiting for it all to happen and when it does we will have flow rates reported, notwithstanding a disaster.
AKK Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
