Might as well throw my 2 bobs worth in..... All non factual and my opinion of course.
The first ann was 12th, the next was on 13th then the extension announced on the 14th.... I don't believe it is to do with the oil pressure. A couple of days while still swabbing will give very little "indicative" pressures and rates as the well needs to be locked in for a few days/week and on some of seen, it even takes weeks...
I don't believe they would jump so quick to announce an extension considering the closing date was still 9 days away from the extension announcement. Plenty of time to get some facts from the well.....(Without equipment issues)
I feel it's more an external reason, possibly a JV partner interest etc....
Either way, if I'm wrong, still have confidence as low pressure is not the end of the world....
GGX Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held