T39 EWT started on 4th July so 72 days now. Testing is most likely being directed by the requirements of the 2 majors who will want to be sure of any drop off rates before they commit to invest
HPC: Zaza said in the LSE interview that only 2 wells were suitable to be reworked. Everything else would be new wells.
Today's SP. There was a sell of 6.8 million shares. 0.04% of the company. Anyone who thinks that is a massive sell is a fool or a shorter.
Average_Dave, I think you have misinterpreted the RNS. It states ' The intention is to continue to test the combined flow of Zones 14 and 15 and within a period of approximately 60 days, perforate and mechanically stimulate Zone 9 and produce from all target zones together. ' I take that to mean, assuming their punctuation is correct, that within 60 days of the start of testing zones 14 and 15, they will then add zone 9 in. There is no timeframe for the conclusion of the testing of the 3 zones together. The only timeframe I have heard was in the first podcast where Zaza talked about testing the 3 wells for 3-4 weeks. That was 2 weeks ago, so I think a more realistic timeframe is another 1-2 weeks.
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