Simple and very good question.
Their is so much we are waiting on, so just do not know. Rules mean much of the testing must be reported on immediately.
I believe from what MAY have told us, we could see a further drop to 3 or lower, easy to say that, on the high side, we could, also see
5, 7 or close to 10 cents, of course it depends on how good, large, api pressure, flow etc. It really sounds like we can sort out an unblock flush out and
that takes time.
What about all the talk of getting a new drill team, ??? The drill team drill, they do what they are told, its the lab guys, that work out the best way forward
with type and amount of mud, type of holes/slots, pressure gear, so many variants here, that until you drill and test, you can not have a plan only
worst case, best case, most likely case at every stage! I can not fault any of the team, not with the facts I have, this is Gas and Oil drilling.
Cheers, I took a big chunk of today's trades at 4 cents, and that's me done buying.
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