AnticipationWhat we know: the well is cased for production and coiled tubing (CT) will be used to test several selected zones. Also, production tubing is being installed as if it is a producer. Rumour has it that (thanks to jwallca) the office staff are ‘upbeat’, which is about all the ‘leakage’ one can expect from two very, very conservative partners that underplay expectations with terse NRs, even ‘positive’ ones … and are very frugal with investor’s cash.
From the NR: “Several interpreted fracture intervals are observed within a 245 metre thick Abiod section. Elevated C1-C4 gas chromatograph readings along with evidence of micro-fractures observed in drill cuttings coincide with the potential fracture intervals.” Detailed information can be expected from each section tested and it shouldn’t take too long. From jwallca: "CT applications include matrix and fracture stimulation, wellbore cleanout, logging, perforating, nitrogen kickoff,. Sand control, drilling, cementing, well circulation, and mechanical isolation
CONTINUED... DXE's news release clearly says that it was able to cross-correlate what it saw during the drill with the logs and is now able to confidently report same. I view this as extremely positive.” He continues that the equipment needed for testing may take a few days to a few weeks to arrive.
Looking at the fundamentals BHN 1 has all the characteristics of Seidi el Kilini and I am therefore optimistic that it is indeed a bigger ‘twin’. We shall see.
As earlier mentioned, tomorrow is the AGM at DXE in Calgary and that should be very interesting for those in attendance and dissemination to shareholders.
We can expect the volume on NFK to attract HFT (high frequency trading) games between the banks/brokers taking tiny slices of profits billionths of seconds on volume (up and down) ahead of others… and all manner of trading for those taking profits to date... plus buying. I suspect the triggering of sell stops were run to the max on the way down and that many were duped out of this play after buying much higher. Too bad. The big boys love to run the sell stops and note that TD even advises using them on BNN adds. I don’t expect any sudden big moves and also suspect that the price escalation/stasis will be controlled on the way up until there is definitive news. Also expect the trolls to attempt their ‘fear’ routines and others to ‘promote’ other stocks in vain. taking the price down here will trigger sells no doubt.
Also remember that the stock price cannot be influenced by ’leakage’ of any type of news since the tests are yet to be done. It is all guesswork at this time.
Exciting times for NFK/DXE longs. I remain optimistic.