GREY:RGVNF - Post by User
Post by
curtisprodon Dec 01, 2010 11:22pm
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Post# 17787447
Stockwatch News
Stockwatch News11:08 pm est Dec. 1, 2010 I received email from Stockwatch with the MD&A
It is basically the same and it says:
"After several days of attempting to swab the well with a work over rig, the rig encountered problems getting the swab cups down low enough due to natural gas pressure. Because of this, a decision was made on October 25, 2010 to erform a Nitrogen frac displacement to clean the well up for production.Haliburton was contracted by the operator to perform this procedure on October 27, 2010. This Nitrogen cleanup was successful and a lower perimeter gas flow test was performed the following week. Initial test was performed by the operator using 3/16" choke and showed the well capable of producing a minimumof 250 million cubic feet per day."
Still confused...we need clarification from management. Simple Yes 250 million...No figure should be 250 thousand.
I'm going to go with 250 thousand...until hearing more from management. even though I heard 250 million from a reliable (rumor) source.