RE: RE: flow ratesWell I believe and think flow rates will be excellent....basing this on 2 relatively close whitecap cardium wells drilled nearby (whitecap actually actual fracced less than RBE/AVG well too so we should be even better)...I doubt we will get flow rates as soon as Monday. 2 reasons...getting services in the Pembina area is very tight right now...waitlists for some services and isn't there a 2 week regulatory rule in which all wells have to be shut-in before pressure testing?
I am actually okay with the private placement, 17 cents non-flow through ..HARD DOLLARS is a decent price for a placement. Last private placement only a few months ago was 12 cents...not too shabby...and remember...currently this is a pretty sh*tty ebvironment for all junior penny stocks to raise money. Actually a job well done by managment...money does not appear out of thin air...a placement had to be done if this property is going to be developed.
So many investors get impatient so easily...relax...no need to panic...let this story play out. To sell before results are at least released is foolish....
My guees is they will not need any more private placements for awhile as I think the next money raised will be from the 25 cent warrants as we will be over 25 cents when we need cash again.