Spoke to AK. He is hoping to put an announcement out tomorrow, along with the quarterly.
Points to remember that have already been pointed out by others:
- all five wells were discovery wells.
- the company's confidence in the wells is demonstrated in that they are all cased for production.
- the whole testing process might take weeks, not months.
- they only need good results from one well to give a resource estimate.
- there is still a lot of risk, that is the nature of the game. Good results will be a windfall. On the other hand, if they can't get the gas out, look out below!
- the game is still on. Its just that some punters are getting a little nervous and have sold out. Who can blame them?
I hold, and intend to hold come what may.
NEO
nuenco nl
