Certainly felt a little excitement yesterday amongst all of the other red energy stocks.
Following drilling, casing and logging, it takes time to get all of the stimulation details finalised, size of stimulation, ordering of amount of proppant etc. They would have had the company selected to go but no need to finalise until all of the data comes in. I've been doing some checking on how large these stimulation can be in this environment, and they can spread up to 200 mtrs from the well bore. Multiple that by a 300 metre depth and it's massive. This is an exciting time for us.
AJQ Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held