Post by
dbeaude on Nov 20, 2013 9:30am
was the market expecting more than 3500 bbls per day?
The stock is set to open lower. Seems like a good result to me. What was the expectation by the folks that are familiar with the expectation?
Comment by
zeus55 on Nov 20, 2013 9:53am
The X11b sand was tested at UMU-1 at a rate of 2784 bod, and UMU-8 at 2316 bod, so this test at UMU-11 of 3650 bod, is much better. The X111b sand tested at 4179 bod at UMU-6, and was co-mingled at UMU-9 at a much lower rate, so the UMU-11 test is in the ballpark. With the 1X test yet to come, I think overall this is very positive news. But we still need the Umugini pipeline asap.