re: Ann: Update on Fracture Stimulation Churc... very...

re: Ann: Update on Fracture Stimulation Churc... very disapointing result i think we were expecting so much from this well previous report sugests
see below


In February 2010, Mosaic Oil awarded BJ Services a contract for the hydraulic fracture stimulation of Churchie 1. The Churchie 1 fracture stimulation job has been designed to propagate and extend a substantial fracture within the Tinowon sand formation. This fracture is designed to extend some 250 metres either side of the wellbore. If the stimulation propagates as planned, initial stabilised gas flow rates will increase from pre-fracture rates of less than 0.5MMscf/day to post-fracture rates of more than 1.5 MMscf/day.


we only got double result 0.5mmscf/day but it is commercial
i agree they need some good news for this stock
The stock will only hover around these levels until something major happens cannot wait till that happens
maybe disclose the sale of kimu or was that bad news as well only time will tell.
DYOR