Where are the petroleum geologists?We need them to interpret the comment:
The Company cautions that open-hole log results are interpretative andthat a comprehensive production testing program is required to estimatethe technical reservoir parameters and the longer term productivecapacity of the well.
Sounds like there are four zones but is it not possible to tell, during drilling, whether or not any zone might be productive or even commercial prior to a proper well test?? How does the geology in this area of the world differ from Western Canada drilling?
In any event. Success on this well with possible flow rates around 5,000 BOPD will see huge upside, considering that 10 more wells are to be drill this year.
I see double digits in the share price in an eye-blink if they are successful, based on the added potential of the other wells in this series. AND only a month to wait.
Tick, tock-...