News getting closer if you have a look at some of the well info I posted over the weekend regarding sinogases wells you will notice that a few are under the term de-watering..
Basically after fraccing these wells need to cleanup and then produce flow rates so when testing these wells after fraccing there is procedures that takes time.
Chemicals sand water all go down the well bore at high pressure this procedure coupled along with cleaning up etc takes time along with the dewatering of the fracc.
The company have said they will release news as it comes along and we should hear news within the next 2 weeks, yes it could be tonight it could be next week.
Im pretty certain they are doing there best and will release news as it comes to hand and news may still be a week or two away.
Jeez.. it will come when it comes 80m 15 zones record breaking pay as far as im concerned and have full confidence of a successfull outcome regardless to when it comes. I maybe wrong but we will find out when news comes along and not before.
1. chemicals could take a few days 2. sand could take a few days 3. water could take a few days 4. moving equipment round could take a few days 5. dewatering the well for flow testing could take a week 6. flowtesting could take a wekk to establish a more consitent flow rate
Theres 3 to 4 weeks there just there.
Don`t get your knickers in a twist the management are at a very pivotol part of the program and testing a monster of a well 80m give them a little slack and I would rather they take there time and do it properly.. Trust me they aint reading these threads and think lets rush this testing because people are gettin twithy on a the bb`s they couldnt give a toss about impatient little pi`s
LRL Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held