Ann: Paul Hermes Estate 1 well intersects hydroca, page-6

re: Ann: Paul Hermes Estate 1 well intersects...
I am amazed, that people are not happy with the announcement. It appears to me, that the trap is VERY large.

Positive is also, that they want to do production tests BEFORE fraccing. The necessity for fraccing is quite normal for Wilcox sands. However some patience is required, as the demand for fraccing teams/equipment in the area is quite high. Fraccing itself should not take longer than one week, once the teams are in place. Just don't loose your patience.

As stated above:
-Indications of a big discovery
-Production tests first

Under different market conditions SP would have jumped.