HCRABOC, did you actually read the announcement before ruffling that half baked cake together?
Here, just for you.
"Work commenced on the Ridge Runner 11-17 well in August 2009. This well, considered to be the most potentially productive, was previously drilled and production tested at flow rates of up to 7 million cubic feet of gas per day. Preliminary results indicate that the clean-up work and chemical treatments have been successful with significant volumes of gas being flowed in conjunction with the removal of the residual well fluids. The last of the planned treatments has now been completed and it is anticipated production of gas into the sales process will be re-established in the near term."
I'll spell it out for you. "Previously production tested at 7"
Get it? They have not announced the current flows rates.
MAE Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held