Its probably good at this point to reflect on the words of Gary Jeffery, Xstate’s Managing Director;
“It is important to note that the testing of a previously untested reservoir is not an exact science and the time required cannot be reliably predicted. We have also been made aware that almost all wells in the Chorbane and adjacent areas require clean–up of the reservoir using acid in order to remove damage to the reservoirs caused by drilling muds.”
So he has effectively told us that it is not an exact science and it will be tought work. Yes it would have been nice to have had a trading halt and announcement 4 days into the testing saying that it is a massive gusher and the shareprice hits 40c. But realistically we need to be patient and let it run its course. I am still reasonably positive but is just mho. DYOR !!
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