"Analysis indicates the Y zone flow parameters are predicted to be within expectation "
what does that mean ?
"Potential for future well designs to have fewer fractures per horizontal length, leading to significant cost savings"
how much cost savings?
" designed to provide data which allows a more accurate prediction of future performance and crucial information for planning the next drilling campaign"
So we will be drilling more wells?
"At Cambay-77H, Oilex has successfully drilled, fracture-stimulated, recovered substantial operational water, gas and light oil and is about to commence production testing the first horizontal well with multistage fracture treatments in India"
Whys is market so negative if above is the case?
Thanks In advance folks.
OEX Price at posting:
6.4¢ Sentiment: Hold Disclosure: Held