10/7/2009 11:33:41 AM | No Recommendation | 510 reads | Post #27515951
Yes when it hit .39, I thought maybe I had bailed too early but after reading that non event press release last night about recovering frac fluid and no mention of real numbers, it sounds like the third well is not that great and I see it is now back to about .30 so I think we may see more downside than upside on this for the next little while.
These wells are very expensive so when you press release about recovering frac fluid weeks after the well was drilled that is not very encouraging and it only take a couple of bad wells to wipe out all the good gained from the first couple of good ones.
Stockhouse.com: Taking
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