TSXV:ART.H - Post by User
Comment by
Baxter4on Jul 12, 2011 10:10am
420 Views
Post# 18821722
RE: Possibly drilling deeper ?
RE: Possibly drilling deeper ?The NR didn't say where the oil was being produced from in the 350m open hole section. Did they just put a packer above this section and then test it all at once? The 500bbl/d flow might have been all from the bottom 10m, which would be very encouraging if they can drill deeper. This stock is not dead with the upper test still to be done and potential for drilling deeper. I increased my holdings by 50% this morning, In for a penny in for a pound. Just hope I get the pound back instead of the penny.