signs of oil, page-10

I really was expecting an announcement re Canada this morning.

I’m not worried about the drop off in turnover. Sensible.
A lot of people bought in or inceased their holding and now we are all waiting on news.

I don’t won’t things to run for no reason, just causes too much stress and trauma.

We will either have average, good or real good oil flows. No chance of a dry hole, we already have oil shows.

The important thing this week is the well and the horizontal are drilled and completed successfully and are in the correct oily strata. Some oil flow or not at this stage doesn’t mean much.
If the drilling is successful that will be worth a couple of pips, but not a run.

Mid December the fracking takes place and then with good flow rates, irs off too the races. Should be a few cents in it for a real good flow rate. BECAUSE a good flow rate means more than just money, but there will be follow up wells to drill that should be just as good.

Of course if flow rates are bad, boring , there can be follow up wells after re analysing the 3 D etc but no rush of buyers wanting a piece of the action.

Yes Pumper , don’t forget Warra, but remember this is Australia. Note I say Australia not WESTERN Australia. Australia was one of the G 20 that voted for the West’s economic suicide. Only the US voted against suicide. Be months before the new regulation etc re fra king are worked out.

Interesting that the French deplorables are protesting about higher fuel prices to save the planet. I think a resistance to economic suiside in France has started , Vive la France.

Saltbus