Pennant Energy Inc PENFF

RE: Some deductions on the frac outcome

[WorldlyTrader]

Unfortunately, I did the same thing.  I talked to Thoms Yingling, at the Vancouver conference, and I decided it was better to sell my shares in Donnybrook and buy shares in Pennant Energy.  It was really bad timing on my part since I bought at .28/share.  It  will be quite some time before I make profit on this one. 

     The sad part is that Mr. Yingling's confidence in this well being successfull convinced me that Pennant was the better choice in this play.  Of course he did say to me that he could not confirm the flow rates until the well was completed.  From our conversation I got the idea that this well would be a fairly easy technical play and that the extension of the horizontal leg could triple the flow rates.  I guess following through on this is much harder than they thought.