RE: RE: New Constitution Eye in the sky poster on world stocks seems to be close to the action in his assessments:
The drilling stopped approximately 7 days ago at 1920 meters and the company then spent a while running casing to secure the well integroty before drilling on. Well was then drilled down to 1967meters and set up to flow test. Getting the flow test ready was a bit of a pain as mechanical issues meant that two of the packers failed to set so it was only yesterday morning that the well was ready for flow testing (a delay of 3-4 days). It should be 48 hours or so from yesterday to get a good idea of what the results will be (but there could be slight delays on this too). The oil shows we have had so far are very good (better than the shows on Shabeel) but the flow test will tell. Nobody knows the flow test result at the moment because they have not finished testing yet.
Horn put out an RNS yesterday afternoon so they are pretty much updating all in real time. They definitely do not "already know the result" and are keeping back news for later - that is just not true.
Once testing at this depth is completed the plan is to drill on and get to the juicy bits below but it is a good sign that we are stopping to flow test already.