RE: So....one might assume that....I spoke Chad07 to Don Bain yesterday. I straight up asked when is the acidization of the well going to be completed. I wasnt given an exact time. So I asked him would it be completed by the end of February and he said absolutely much sooner than that. So the middle of the month? and he said somewhere around that time.
They have been working on getting the crews set up for this procedure. Now I am not fully understanding of the oil and gas business so I appoligize in advance for lack of detail but I am thinking that maybe they are lining up the acidization guys and maybe the fracing guys there after. Not sure.
Anyways it will not be that long from now. I would expect that we would get a news release with an approximate time frame from NOG shortly. In my opinion this will be the catalyst for NOG's stock to start moving again.
Kind of amazed at how the buying/selling has dried up today. I think its simply a case of lack of interest due to no news and uninformed shareholders.
I hope this helps.