the material transaction could be the payment to PFC for the cost of the additional 500 mt of the horizontal leg - Only 25% - With the JV we got only 500 horizontal mt for free.
the other two are clear : the result of the test (negative or positive) and the drilling program update (frac or no frac)
what really surprised me is the fact that we are in TH before PFC release the news. If I remember well we released news always after them.
The past THs were asked always during trading hours ( 10:30 or lunch time ) and we also saw some doggy trade just before the TH - a buy order of 10 million just before the previous TH
They could ask for TH at the end of the day .. instead they started at 9.30.. to avoid every possible trade .... very unusual for BKP!
Say that, we have to wait as usual ... and see what will happen ...
Good luck to us
ditomagico
the material transaction could be the payment to PFC for the...
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