RE: News incoming thats bad?6 Apr 2023 09:56
October 2022 Jay Cheatham, CEO, said: "We have seen promising indications of reservoir performance, with oil cuts showing early in the flow back process. Often, the first real indications of oil occur much later. Whilst the production of frac sand is inconvenient, as is the waiting time for obtaining a coiled tubing unit, it is not an uncommon occurrence in multistage fracture stimulation completions in conventional reservoirs and will be dealt with once the unit arrives. We hope to complete our clean-up programme at Alkaid #2 over the next several weeks and we will announce the results of flow testing once complete.
Why are we still waiting this calls into the competence of management that took their money off the table last summer possibly answers the problem of getting new investment