RE: RNS Totally Misunderstood!13 Jun 2018 14:53
At times like this you need to rely on your own research rather than following the herd. This is a retail investors share, so it's thousands of PI's holding small percentages, just being on this board makes you more informed than most, back that up with research and you can buy or hold with confidence when others are selling.
What the herd read was:
Pressure declined
Water flowed with no oil
What the RNS said to me was:
Pressure built up - it's an overpressured well, that's a tick
Opening it up released that head of pressure and water flowed back at a large rate - another tick
Pressure declined as it would, but we still had water flowing at a high rate - tick
Next step is help the well rid itself of that water and check for hydrocarbons (which were found last year and so we can be confident are there)
Don't panic, rely on your research.