Paramax Resources Ltd V.PXM

READ VERY CAREFULLY

[SONofTZU]

Testing has been completed on all these wells.We waited an extra three weeks past the date given on 9/09 for testing completion.The only information supplied about any new well is how many pay zones were encountered.These wells were flow tested,porosity tested,condensate measured,etc.Read VERY VERY carefully. "These wells are expected to produce over 5 mmcf per day" What the hell does that mean?This is being played down big time. Mackie was on site and reported a single well flowing over 5 mmcf per day.OOOOOOhhhhhhhh hush hush don't tell anyone flow rates or anything.Only two possibilities exist to explain this cryptic news release. We have many wells that are capable of producing way way over 5 mmcf or we have one well and are able to produce just over 5mmcf.Either way they were factual by saying we can produce over 5mmcf.Use your brains people this is wildly under reported to avoid a runup and pullback before the next financing or to keep land aquisitions open and cheap.More financing will be down the road buy and wait for all the fabulous news that will come when they want to raise money remember what the hard and fast news releases looked like right before the last financing.Pipeline tie-in?ACTUAL flow rates?HHHHHHmmmmmmm what will it be?Do you believe they only hit one good well so far?If so run for the door.All I can see here is a MASSIVE coverup.Are they hiding something good or bad? READ MAN READ!How many of the first wells drilled have already flowed?And only one of them already flows over 5 mmcf?State 1-17 tested 1.7mmcf per day with higher rates expected with minor stimulaion.Espino tested .5 mmcf with no other comments.The numbers from the testing of our first wells were over 7 mmcf.This is your last warning UNDEREPORTED.I like shenanigans when they benefit ME.And I'm definately calling SHENANIGANS.
Three out of the first fourholes on the first round of drilling brought on 8mmcf of gas and how much condensate?Read. I can't just give you everything.READ.THESE WELLS ARE EXPECTED to produce over 5mmcf?Thanks we already knew that.Do you really think all of the latest wells with three or four payzones like the first wells produce 0?Well that what or news release told us right?Or maybe they'll just add it to their OVER 5mmcf per day figure.Factual isn't it?GOT BALLS? You'll need em if you can't read.

[requiemeterna]

No guts no glory, you outta know. Oily situation i like to be in.

[StockBadBoy]

SON. Perhaps you could put what you just said in simple terms for me to understand. Undervalued, overvalued, exaggerated or not, more to come (how much), truth, fiction, reality.  Thanks.

[requiemeterna]

Looks like you're more experienced than i am so i feel  not qualified enough to give you an answer.

[massEntropy]

requiem, you are more experienced than me, so please answer stockboy's question for the sake of those not as enlightened as he is. 

[Kel2]

I can't quite figure out what it is you think you know or what it is you think the market doesn't know but reading the news releases would probably help out your understanding.They have reported on a total of 5 successful wells on the Hamilton block: the 2 original wells which were drilled last spring and the current 3.  They are saying that they can produce in excess of 5 million cu

[requiemeterna]

 All i have posted is that its an oily situation and happen to like it, guys give me a break.

[Bigbadoil]

The 5mmcf/d minimum rate is from wells drilled in the shallow. lower pressure Hamilton field. Quite reasonable to average .5mmcf/d per well as per reported tests from inital 2 wells at Hamilton (0.5mm and 1.4mm). The big test (with liquids)was from the deeper Willow prospect to the NW. They will be spudding the first of 3 stepout wells to this discovery before the end of the month as per NR.No

[requiemeterna]

Never a doubt , good to see people come to their senses.