RE:Possible Results by the end of December!
Just taking an excert from that article,
Yesterday, the company released its third quarter results, including production of 1,894 barrels of oil equivalent a day. This is down from 2,571 barrels a day in the second quarter, but investors nonetheless lifted the stock by four cents to $1.87. The company explained that one of its wells stopped flowing as a result of declining reservoir pressure, but the well is now undergoing workovers and will be brought back on production this fourth quarter.
Petroshale had been waiting for the 8H well presurre to subside so they could go back in and drill out the other plugs.Make no mistake, the 8H well was a BOOMER equivelant to those of Enerplus.
So PSH is basically completing 3 wells on their DSU- 8-H, 3-H and 4-H....Makes smart business sense to complete all these wells together when you've got the crews and equipment on site at the same time!
We are getting close and I wouldn't doubt that Petroshale has had some interested parties come knocking on their door!