Pennant Energy Inc PENFF

You guys don't get it!

[xdmmdx3]

Right there in black and white in the news release:

"The 15-32 well is currently flowing natural gas, natural gas liquids and
hydraulic fracture fluids undergoing clean up operations after completion
of the 23 stage hydraulic fracture operation. During the hydraulic
fracture operation 460 tons of fracture propant and fluids were placed.
However, mechanical complications were encountered that have limited the
number of stages that the operator can definitively say was successful.
The final 5 stages were clearly successfully completed with 120 tons of
propant and fracture fluids placed."

So 5/23 = 22% of what we were hoping for...maybe 25% if we are lucky.  Anything above that is gravy and shouldn't be expected.

 

Good luck to all,

 

x