TSX:ONR.UN - Post by User
Post by
mikerosoft666on Jul 10, 2008 2:54pm
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Post# 15279183
S/B Seeing well tests this upcoming week...
S/B Seeing well tests this upcoming week...
So it's been 8 weeks since May13 in the 6 - 8 weeks estimate on testing that well in Rough, Alberta.
If the results are anything like what Jennifer Stevenson is expecting then we should see pretty good news for ONR.
Don't forget she called this well a "company maker" and expects it may show a reserve of double their current reserves. Also notable is the gas processing plant (already commissioned) is over twice their current capacity. However, that may have been just normal growth expectation as I suspect they had to have planned and built that prior to even spudding the latest well in Rough.
Nonetheless, in this market, I can't imagine which direction we go. Exceptional news and maybe drop off ? Or mediocre news and shoot through the roof ? IN this market it's anyone's guess.
I would think with around 20 Million shares, we have intelligent INVESTORS in this play and not jack-handle day-traders. Also indicated by lowish kind of average volume.
I could be wrong so make sure you do your own DD to you satisfaction (if you are new on this one).