.....its worth remembering that either WBext1B (drilling probably completed about 11/9) or "WBext1C" (drilling probably complete about now )is/was a drill that was designed to test the sandstones...It is/was the first really serious attempt in 5 or more years to see if the sandstones have a place in the partners plans( puncturing the sandstone layers in WBext1 and WBext1A was a secondary aim vis a vis hitting the volcanic on each occasion) so dont expect them to rush anything here. Also remember that there can be a bit of a traffic jam that the rig can create until it exits the pad (which Im very pleased to be able to say is about now) as far as completing the testing . At this stage my best guess is that they may well wait for the rig to move on, then complete all the outstanding testing, then give us the goods on the last 2 wells together,coupled with (hopefully) a comprehensive review of the 4 pad one wells,maybe some guidance on a second rig,maybe some guidance on the sandstones,etc....Patience,patience,patience
CVN Price at posting:
40.4¢ Sentiment: Buy Disclosure: Held
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