Last week was a week of tread water and wait - the SP stood up exceptionally well. We are all aware of the potential of the TSV product, huge Duvernay shale leases, becoming a producer in Canada, but what we have all been waiting for are the anticipated flow rates from Warro4. Questions have yet to be answered - have they been able to control the water, are the zones as porous as expected, is the field commercial and what value can be placed on the field as a production asset.
Hopefully these questions will be mostly answered this week when expected testing results are made available to the market. Anyone hesitiate to take a punt on what the flow rates are going to be - you can be conservative, but please don't be rediculous. Just trying to profile up the forum a little after a dwindling near postless wait and see week last week. The more we have talking about the stock the better the impact may be on positive results.
We can sort an updated running sheet at the end of each day - give it a go - just a bit of fun to up the anti!!
I'll kick the rate estimate from Warro4 off with a 4.2mcf! somewhat bullish but hears hoping!!
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Last week was a week of tread water and wait - the SP stood up...
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