RE: RE: PFC deleted from S&P/TSX Venture 30 index Here's what I got from Ms Showers. I'm still not clear if they'll manage to flow test before the rains:
– the frac crew is expected to arrive next week and will begin with the MacIntyre-2H location. I have attached our recent press release from the Owen-3 Vertical location which is very promising at this stage; we are in the process of completing the horizontal leg which we expect to be finishing by the end of the month.
We had decided that we less is best re the technical information we provided. The Baldwin release discussed some very positive results but was perceived as a gas play where in fact we really are not sure if it is “oily gas” or “gassy oil”; better results with MacIntyre though but the frac’ing with be the telling tale so would expect plenty of news flow in the next 3 months as we expect to frac all three wells prior to the onset of the Northern Territory’s wet season.