OTCPK:ARNBF - Post by User
Post by
hardeeharon Mar 30, 2012 12:42pm
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Post# 19739199
from 3 to 2 rigs slows well turn-around
from 3 to 2 rigs slows well turn-around Operations have obviously slowed to the point where they can no longer boast that a new well is drilled & completed every 10 days. My guess is the current rate has slowed to 15-20 days per well.
I think the slowdown in drilling and operations is the primary cause of the SP drop. But its not necessarily a bad thing to take 2 steps back once in a while to make sure things are running smoothly.
Trust Ed Gilmet & Co. to get back on track in a big way with a couple of BIG 1000+ bbl/d wells in the more prolific areas that they are presently drilling in.
They obviously would want to showcase the well test results in the next news release.