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If I’m not mistaken. RCE-2 well has encountered a total net pay of ~80’ five separate zones. C7 sand encountered 10’ higher than expected and 25’ higher than RCE-1 well. Overall 30’ of pay was encountered in the C7 sand. suggesting possible much larger volumes than expected.
Could be in for a very pleasant surprise if she flows at good rates.
Sarcasm is obviously lost on you.
How many subway t shirts these guys have sold. I’m sure they’ve been flying out of the door.
MrBB I agree with your point, there are hopes that can be delivered without any more dilution. One positive about entering USA market is they throw money around like confetti, some people argue confetti holds more value. Lol.
Have a goodun guys.
Undoubtedly this strategy they are taking will cost a small fortune to crack the USA market. But imo will reap greater rewards on the long term.
One hopes for a buyout sooner than the cash burn would allow.
One point of note.
No company does a presentation before news or when news is close, in my experience it is a bit of a gap fill between news and something to keep the interest afloat. Just the trader in me’s perspective.
Big gains to be had here over time tho imo.