re: Ann: Commenced Flow Testing ZJS5 and Dril...
Rifici,
IMO, it is not a lack of proof but false claims. You claimed Camac drilled four dusters, the statement is false. It is in the interest of HC to protect the integrity of the forum - blatant, repeated false claims, with ulterior motive must be dealt with. And has been dealt with correctly.
Here are the correct positions, and I quote: "The well penetrated a number of gas bearing intervals and based on petrophysical evaluation from a third party consulting company and in-house resource volume estimation, the gas resource initially in-place associated with the ZJS-02 drainage area alone is estimated at approximately 68 Bcf." http://finance.paidcontent.org/paidcontent/news/read/16074259/camac_energy_announces_independent_evaluation_and_resource_potential_of_the_zijinshan_gas_asset
"ZJS-03 and ZJS-04 are gas discoveries, but gas resources are yet to be determined." http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=8486583-14481-63083&SessionID=psDJFq_l-Ap2N_7
It is clear that 3 of the 4 wells contained gas. They were not all dusters as you claimed.
LRL Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held
