So where do we go next from here, well looking at the charts I would like to think that our next support level will be the 2.35 mark that we have already tested and is our current resistance level. Any other thoughts on this next step up?
Why would an update on the testing programme be pointless, it explains why we have had such a long delay in the testing programme. I didn't read it at all that they are still looking for a commercial find as they clearly state they have 200 feet of potential net pay across all carbonate sections, the term used was "... to help evaluate the commercial flow rate..." By using a bigger perforation gun they can significantly improve the flow rate from C17 and C18 and that would maximise the potential of this well.
I don't think this is questioning the commerciality of this well only trying to maximise its potential.
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