Second Wave Petroleum Inc SCSZF

RE: This doesn't sound encouraging/positive to me

[ashcake]

Nuloch is the operator drilling on Second Wave's table lands. They spend all the $ drilling in return for 70% of the production. The news release didn't sound that encouraging to me. They have not found economic success yet drilling on table lands- still a huge gamble IMO and this latest well not even close to proving economic. I am suspicious of delays and their ability to produce from the sanish. Yes, production in Montana is successful but not the same formation- south of the border is a pure Bakken play.