RE:New to StockHouse, not to SonoroBlackBeard357 wrote: My position aside,
The company has failed shareholders for the past two months following drilling of the 1st well. This 2nd well is online finally with a mega sale mysteriously occurring shortly after drill completion and no news for over a month. Low and behold, the well encountered problems and more recently the news states that its output is tiny.
Negativity out of the way.
This is the start. We have oil! Money talks, bullshit walks. The company needs to keep on top of news output so people have a reason to fuel the stock price and maintain this as a new and hopefully shortlived bottom line. Even if the progress news can be seen as negative. Transparency has to be part of the business relationship if true success is the goal. Let the stock swing. Don't let the people who phone in for pre-release info sell off before we all see what is happening. Keep those lips closed.
Broader market news! Middle East, Europe, BC offshore, Texas... Closed for business. Alberta, Saskatchewan, TMX pipeline! Open for MFing business! Fill that pipe Sonoro!
Lets get this!
I agree. Things are taking longer than "expected". This is not good, but its certainly not catastrophic.
We are producing oil. Given the context, would it have been better if they issued news 2 weeks ago with 1 tank full OR 2 weeks from now with 3 tanks full? Your guess is as good as mine.
I knew nothing about CHOPS but I'm learning everyday. One thing is for sure, the typical CHOPS production is more involved than I thought. It will require time and patience to fully realize its potential. Big takeaway for me, how much of what we're doing is really new. Not the multi-lateral drilling but all the stuff after the drilling, liners, sand worm holing etc.
We have 5 wells committed to drill. 3 more to go. They appear to be taking their time with #3.
I presume they are "learning" from #2.
In the meanyime, gentlemen we could really use MENA news in the coming days and weeks.
GLTA!