Remember this post?!? It is me that sold at 13c, yielded 50%...

Remember this post?!?


It is me that sold at 13c, yielded 50% profit, put all money into options and made another 100% profit .......................................................................................................understand the reservoir, understand the siltstones, understand what a nanoDarcy is ......................................

Soon the sp will move to a lower number because the well doesn't seem to want to clean up.  maybe because the frac went wrong, the perfs were not ideal or the wrong sand was used and the sand has blocked the perfs.  its also true that we have a siltstone, if the perfs were wrong size, then this will happen constantly.  sometimes, when the tubing is cemented with cement that is a little too heavy, the perfs can be affected.
So the fact that there is no news means that the team doesn't know what's happening or, they do know and want to fix it before telling us what the problem is, which is fine IF they fix the problem.  the consequence is an impacted sp.
My advice is to wait for new oppie lows, then buy in as low as you dare.  Once the well is cleaned up, flow reestablished, sell again and walk away.
the team here is not doing what a good fracker needs to do and the well will not be profitable unless something different is done, something creative. someone who knows the fracking business would be a good start.
GLTAH.  - all profits are good