OTCPK:STOSF - Post by User
Post by
1bearon Jul 18, 2006 10:46am
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Post# 11097513
Too many questions.
Too many questions.I think there is much more to be told yet about this drill hole.
News releases can be used for misdirecting and I would like to understand why so much buying is happening when there was no indication at anytime that anybody was interested even at these prices when there was hope of a successful well.
"We are obviously disappointed in the apparent lack of hydrocarbon saturation in the Lower Cretaceous however are encouraged by the quality and quantity of potential reservoir rock and will await final test results with interest. The drilling operation was done on time and on budget with excellent quality control by our operating partner Chernomorneftogaz. Test results for the Lower Cretaceous as well as the Maikop zone will be released as information is reported from the well.
The Maikop zone as far my research has discovered is the only area that has produced gas in this region. So why so negative a release until the results are in for all zones.