RE: Site Activity...First time post with the 'New Stockhouse', appears to be working OK after apparently a couple of hour breakdown last night.
Thanks Wildcat for your comments, although my present work load keeps me very occupied and I'm already spread very thin due to my other commitments. In addition I am not certain all would appreciate my form of address to one of the partners in this well, and angle of my approach perhaps to others over the last number of years while involved with this stock.
It is expected that there maybe minor gas infiltration and oil staining in the drilling mud while drilling through various hydrocarbon bearing zones, otherwise it would be most likely a dry hole. No doubt if and when drilling below the surface shoe began, gas monitors might be installed on the rig and mud gas loggers constantly monitoring the return flow from the wellbore, while comparing notes with the wellsite geologists. Oil and gas from the well can be swabbed into the open hole by simply pulling up the pipe faster than usual to make the next connection, or through other drilling activities, and it is a matter of how much will be tolerated before the alarm bells start ringing.
The share price appears to be holding in there despite any recent well site photos or updates on the drilling progress, although it is probably to early to expect much else other than a shiny drilling rig that can be seen for miles around. I really doubt if they will shut down the lights at 8:00 PM for Earth Hour, instead burn more diesel while most hope that CQV makes its way in becoming an oil producer in Western Newfoundland. Maybe some of the BOD will be doing the flyover with a Helicoster again, or maybe the Snowbirds might make an appearance as a local celebration of CQV’s new oil find, and thereby chasing away any Barrhead Blue Herons or English Dunnock trying to nest in the derrick for a birds eye view of the drilling floor.
Thanks Pedagogic about with that White Road article: I might have told this story before, But a few years ago I drove that road from Stephenville to Port au Port during the warm evening hours as the sun was making its way down to the horizon. It was nerve wracking as there were numerous locals walking on the side of that narrow winding road, and some pushing baby carriages. My navigator kept reminding me that I had made allowances for a 30 minute trip from Stephenville to the PaP wellsites. It took a LOT longer and the sun was set by the time we got to the top of Garden Hill, and we just about hit a moose on the way back from having a pizza at the next town on the Gulf of St. Lawrence side of Garden Hill. I certainly do hope they do something about that road if they plan on trucking an oil from Shoal Point back to the former Abitibi Stephenville storage tanks, for shipment from the Port of Harmon where the fees for Exporting Crude Oil are TBN.
Regardzzz............................Barrhead