Flow testing18 Jun 2018 12:13
is it overdue though some would say not, depends on how you interpret the RNS I've posted my interpretation the other day but here it is again:
I still believe going on time scales from the "Operations and Corporate Update" on 8th May:
T-45
"Extended well stimulation and testing program commenced on 8 April 2018"
65 days extended testing, must be due news very soon
Dino-2
"Extended well stimulation and testing program commenced on 7 May 2018"
36 days extended testing, still 25 days to hit the arbitrary 60 days.
T-39
"Taribani Drilling/Well logging update" RNS on 25th May states:
"T-39, which is progressing ahead of the drilling schedule, the drilling rig will be released and the well testing will commence"
guess extended testing started 8th June so only 5 days in to testing
UD-2
"Extended testing program commenced on 21 April 2018"
51 days extended testing, must be due news very soon
We must be close to having good data sets from T-45 and UD2 at 63 and 49 days. I don't see any value in releasing interim or initial flow from Dino or T-39 as it seems to be more damaging and gives opportunity to talk down and rubbish results.
The only thing that will move the SP is final flow rates and a plan for selling the oil/gas.
FRR has come a long way so far this year with 3 oil wells and one gas well on test, a fully funded new well at Niko coming up and closing the YA financing saga without more dilution (hopefully)