Pennant Energy Inc PENFF

RE: You guys don't get it!

[Oil100bucks]

Your reading it wrong!!

Right there in black and white in the news release:

"The 15-32 well is currently flowing natural gas, natural gas liquids and
hydraulic fracture fluids undergoing clean up operations after completion
of the 23 stage hydraulic fracture operation. During the hydraulic
fracture operation 460 tons of fracture propant and fluids were placed.
However, mechanical complications were encountered that have limited the
number of stages that the operator can definitively say was successful.
The final 5 stages were clearly successfully completed with 120 tons of
propant and fracture fluids placed."

 

All this is telling us, is that technical difficulties (probably electrical) were encountered. All 460 tons of sand were injected into the perferation somewhere. They know were the 120 went. That leaves 340 tons that were injected but they are not sure which perfs may have taken what!!!