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14:44
Northface59 is either an idiot or a troll to say 70bopd from a vertical well with only a 20ft section perforated is poor result. Personally I don’t think he is an idiot.
To be clear 70bopd from a vertical well coming from a 20ft section only is an excellent result. It’s a commercial flow above 50 and will flow 10 times this with a horizontal. Then you multiply this by several horizontal wells and you are minted.
8:04
It’s commercial over 50 bopd. They got 70bopd in natural flow (which is far better as cheaper to produce than with assisted lift). Then they will do an horizontal well to multiply this rate by 6 to 12 times the vertical flow.
Look at the increase of USA short yesterday because they didn’t got the news we have today.
They are done this afternoon.
https://otcshortreport.com/company/EEENF
On Monday, the UsA traded without the news we had today. The OTC went up 20%. And so the short increased their position massively. When the USA will open later this afternoon, they will have to close their position not to lose their shirt. And this will be the second rocket firing today.
7:20
You are a troll. Panr declared a commercial flow with 40 bopd. Above 50bopd was 88e limit for commercial flow. They got 70 bopd, with natural flow. Also horizontal well will multiply this between 6 & 12 time.
I guess you will need to close your short this morning. lol
11:33
Thank you. Will be interesting to see if they close the shorts before tonight RNS or increase the volume of short position.
https://otcshortreport.com/company/EEENF
In the USA, there were 30% shorting the shares on Thursday before the bank holiday. So if they cannot trade today before tonight RNS in Australia and assuming there is commercial flow result announced tonight, then the SP will get a boost from the short selling on top of the normal buzz from the result. It seems that Tuesday afternoon will see the second stage rocket firing as the US opens and close the short. 🤞
On another subject, the reading were correct so far. And if it continues to be right, I would be selling above 3p soon.