Hi,dont have much time as I'm off to cardio therapy, so will...

Hi,
dont have much time as I'm off to cardio therapy, so will keep it short (tho I want to post more info). The acidization process currently in play is common and is used to soften up the gas bearing rock formation and allow better porosity and permeability and therefore better test results for the frac plan. Fraccing only takes a day- but the planning these days is very involved, so expect some delays as they get their frac plan together. This is a very important stage and the fraccing must be done right to achieve the optimum result.

For a really good overview of these stages in gas production,check out this link, which also contains 6 relevant video clips and animations.

http://seekingalpha.com/article/138617-fracing-technique-creates-great-opportunity-in-exploration-of-oil-and-gas

By the way 10000 psi is a pretty good result for the pressure test. Tho, You have to ask yourself, why the dramatic trading halt for this interim result- it certainly did build up people's expectations and set them up for a fall. This, in addition to the lack of precise info in the FUT announcement obviously exacerbated yesterdays dump- and there were plenty of sharks circling to pick off the 122mill shares offloaded at .006 and .007.
Myself, I have upped my buy order to .006 as clearly .005 was unrealistic. The play remains, but its going to take a bit more time than we first thought. And remember the co. obviously suspected from the outset that fraccing would be required- that's why it was a budgeted item in the original production plan (as stated in the PRA announcement.
Gotta go to the heart guys-
cheers,
JH