TSXV:TLC.P - Post by User
Comment by
seatermanon Aug 09, 2010 11:30am
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Post# 17333590
RE: Holding for more news--
RE: Holding for more news--Buy on rumor sell on news, looks like it was the move to make this am. this is a great opp to pick up more cheaper than you could on Friday. Don't hink for a minute that thats all that's going to come to surface lol.
One thing to keep in mind here when looking at the results is that the surface fluid is just what is entering the well bore from a closed formation, also the release does not state the size of the choke they're running at the well head, in other words the well bore has not yet been perforated. The formation has yet to been stimulated or fractured if you like, testing is ongoing, there will eventually be multiple perforation/frac locations along the 1240m horizontal leg of the shale zone. The API of 26 gives the formation oil a Medium oil rating as defined as having an API gravity between 22.3 °API and 31.1 °API. (870 to 920 kg/m3). The next few weeks are going to be intense at the well site. Stugeon Lake Sout 15-10 is a vertical well and will be completed as such with multi stage frac completion. This well bore now awaits completion.