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Comment by gninnamon Jan 30, 2012 10:38pm

RE: RE: RE: You guys don't get it!

I have been a long on Pen but I sold my last shares today. With the current failure and the number of shares os i do not see an upside. Good luck to all

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Comment by xdmmdx3on Jan 30, 2012 2:02pm

RE: RE: You guys don't get it!

Wintersun10: "perhaps a stupid question, but they drilled the hole in the ground, first time fraccing failed, what is stopping them from fraccing twice? or three times for that matter?" ...more

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Comment by wintersun10on Jan 30, 2012 1:26pm

RE: You guys don't get it!

perhaps a stupid question, but they drilled the hole in the ground, first time fraccing failed, what is stopping them from fraccing twice? or three times for that matter?

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Post by xdmmdx3on Jan 30, 2012 1:16pm

You guys don't get it!

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 ...more

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Post by xammaxon Jan 30, 2012 11:20am

No movement in price

or volume spikes so no great surprizes in testing is leaking. News should be out this evening or tomorrow. It is normally a four day test.

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Comment by gasiouson Jan 27, 2012 4:00pm

RE: RE: Some deductions on the frac outcome

Thanks for your thoughtful info, I think that the reality at this point is that noone really knows what exactly is going on, other than there is definitely something worth completing the well for. I ...more

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Post by xammaxon Jan 27, 2012 12:25pm

The first people in the food chain

who know what's happening are the boys doing the fracing. Like in gold exploration the drillers are the first ones to see visible gold in the cores. Company insiders and family are down the ...more

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Comment by WorldlyTraderon Jan 27, 2012 11:44am

RE: RE: $4.1 Million was raised end of November

Stateside, in other words you are saying, don't quite your day job just yet. I feel this is like high stakes poker and the insiders have all the best cards.

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Discussion

Comment by WorldlyTraderon Jan 27, 2012 11:40am

RE: Some deductions on the frac outcome

Unfortunately, I did the same thing. I talked to Thoms Yingling, at the Vancouver conference, and I decided it was better to sell my shares in Donnybrook and buy shares in Pennant Energy. ...more

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Comment by AlternativeViewon Jan 27, 2012 11:24am

RE: Some deductions on the frac outcome

Here is another interpretation: It may be that they intended to place only 20 tonnes per frac stage but had some left over due to operational difficulties. This extra 20 tonnes might then have ...more

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Discussion

Post by AlternativeViewon Jan 27, 2012 10:08am

Some deductions on the frac outcome

From the Pennant PR we see a total of 460 tonnes placed. We can calculate a "successful frac" (from the info on the last 5) as 120 tonnes / 5 = 24 tonnes per frac stage. Extrapolating, we ...more

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Post by bullmarketson Jan 27, 2012 9:46am

frac

will be interesting to see the flow rates. all the fluids were placed. anyone hear what the problem was.

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Comment by xammaxon Jan 27, 2012 7:43am

RE: Frac

A 12 stage frac on the first well produced 1011 barrels of oil equivalent per day. Chances are a 5 + frac on this well would produce at least 500 boed . Not what everyone was hoping ...more

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Discussion

Post by wintersun10on Jan 27, 2012 7:29am

Frac

read four letter word in headline, the experts were right we had a news leak and the fraccing got fracced. yesterday a post said a well would cost 8 mln over three companies, so although this is a ...more

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Comment by xammaxon Jan 27, 2012 7:15am

RE: News

Sorry it's early and hit post before making my point. The point is they are not saying all the other stages failed completely just that the final 5 are known to be successful. During ...more

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Discussion

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