RE:RE:RE:RE:earningsRosie61 wrote: It does not have to be considered fraudulent. I dont think it was, given they went ahead with the third well using the same frac system. Incompetence, thats my beef. Stage recent news release for their newest system: "An advanced acoustic and pressure monitoring system installed on the wellhead was employed to confirm the successful launch and consistent sleeve engagement of the collet at every stage, not only adding validation to the shifting signature observed on the surface treating pressure, but also capturing the pressure increases as the collet traveled through each installed sleeve until landing at the target depth."
So the acoustic monitoring now validates each stage pressure signal. They would have the same pressure signal with the Gen 3 system at surface that they should have been able to recognize at least as problematic, even without acoustic. Calling the fracs successfult would have been based on the pressure signals and if there was incompetence, that is where it lies. I'm waiting for the other penny to drop. More to this story that has been told by BBI. Silence is never good. People should be losing jobs over this stinker. They have to own up, clean house and get back to the job at hand. I'm sorry, but that should mean GB the hype machine also goes. BBI coolaid drinkers can say all they want, but this is the reality. I'm just glad I got out with a decent gain. I could be wrong but my gut tells me this one has a ways to go before the smell is gone. GLTA
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