RE:releasing the testing results for tw uncommercial oil zones Other than timelines which PB has gotten wrong a lot of the time his suggestions or guidence on successful hits has been pretty good so while I can't remember exactly how he described the second oily zone the fact that he mentioned it means it must have a reasonable chance of success so I'm giving it a rating of 60/40 on success/failure.
If the oily zone is successful we may hear about it when it happens, if it isn't then we'll see it in the fine print under the news of a successful gas well so it won't matter much.
For some reason, attention span of a gold fish maybe, I thought our new big rig would be here in time to drill Royston but apparently not, according to Stanley's post it isn't arriving until later this year so we are relying on the Islands clunker to drill Royston which is at a target depth of between 9500 and 11,000 feet. Our deepest well so far is 10,039 at Chinook so I sure hope we can get down to our target at Royston....hey zues I'll be pizzed if we come up short on that well.
I sure hope at some point we can do what other Co.'s do and provide a proper timeline for activities, maybe in a graph form, horizontal bar graph showing timelines of various activities such as drilling and testing etc.
In my dreams I guess.
Until next week then.
drunk@noon wrote: in a desert of any other news exept continued delays in testing ot the gas zones has certainly hurt shareholders. Not managements faults, I guess as it is up to them to release results in a timely manner. This second oily zone is certainly a longshot to provide any material upside, and I don't like the way managment has framed this as promising, which is has lead to expectations of positive results from this flow test--which, like everything else--is taking forever.