RE:News is out....full story is on Yahoo finance...Also on VLE website, pretty long press release. Y-1 testing on hold for some updates etc.
Commenced a multi-stage Teslimkoy frack program to be carried out and evaluated on a sequential basis working upward from the bottom of the well. A small frack was carried out at 2,865 meters to stimulate a relatively thin 13 metre net pay interval as an initial calibration point, which yielded producible gas with small amounts of condensate. However, only 55% of the frack fluids have been recovered to date due to equipment limitations in unloading fluid from the well, which could be limiting gas flow rates. Therefore, further frack operations are on hold until late March when a larger coiled tubing unit is expected to be available to facilitate faster and more complete frack fluid recovery. A more comprehensive operational update will follow once the fracking and testing program is completed
Read and comments on thoughts please