I hope todays sell off had nothing to do with this note.
a. At Owen-3H?
PetroFrontier is very encouraged by the low fluid injection pressures and high injection rates evident during the stimulation of Owen-3H. These high injection rates indicate the presence of natural permeability due to natural fracturing and/or significant porosity within the Lower Arthur Creek and Thorntonia Formations.
Log data and core samples have been obtained and appear positive, confirming the existence of oil in the Lower Arthur Creek and Thorntonia Carbonate Formations. The rock mechanical testing and core plug petrophysics are currently underway and definitive results are expected by mid-November.