I agree it really should be in a TH now as that announcement was highly complex to comprehend to the oil/gas investor novice, when most people were expecting flow rates. I would take it as a cautionary positive announcement by the fact that the coil tubing unit has been demobilized now reducing daily operating costs. Would they do that if they failed? However someone who knows about oil companies may want to comment in depth about leaks issues addressed in the announcement? Should we be concerned about this and how long until will we get news on flow results?
OEX Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held