Wirelog should take about two days. Could be a little longer depending on how much they concentrate on certain areas and may do more than once. Also they said they will be pressure testing, sampling, and doing other tests. So we could hear something by tomorrow at earliest, or monday/ tuesday at latest.
I think they said "if" because 35 days is a long time to stay on the well now. The coring, wirelogs, and pressure testing will provide everything they need to know. If sands are similar to the previous wells and pressure is good they know it will flow well. They are already behind schedule to start the next well and another 35 days of testing will put them that much farther behind. If they know it's good gas and flowable, they know they're coming back for it. So save the money and move on to the next discovery.
KAR Price at posting:
$5.58 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)