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Rodinia Oil Corp. V.ROZ



TSXV:ROZ - Post by User

Bullboard Posts
Comment by geodude13on Apr 23, 2011 10:37am
433 Views
Post# 18477077

RE: When Will ROZ Show Signs of Life?

RE: When Will ROZ Show Signs of Life?I working from the assumption that 6 weeks will be the absolute minimum and it's more likely that an announcement for the first well reaching TD will be several weeks into July.  6 weeks is after spud and if everything goes as planned.  Typically these new basins have a number of unexpected downhole conditions that increase the drill time and well completion.  Testing could be another two months after reaching TD.  I'm thinking more likely end of July to mid-August for the preliminary information relating to "hydrocarbon-bearing intervals" and then sometime near the end of the year for test results if the shows are significant.  In review of the historic announcement the associated activities are almost routinely two to three months behind plan.

Share price blips will be at spud and during updates at milestones.  I'll place an assumption that mid to end of May for the first heartbeat of real interest at the announcement that the well has spud and then as word leaks during drilling the rise or fall will ensue.

As for the December run up; AGMHAFA6 excitement on the storey boards.
Bullboard Posts