'will2bgreat' pid='58030' datel Wrote:The truth is IOC's stock price was down yesterday because of the lack of connectivity data in the long term flow test. I don't know why IOC didn't do this test first, but it was a big miss. Without this data, the short thesis remains alive and the shorts will continue to hang around.
Still patient.
Good luck longs.
Strongly disagree on the stock price and where they should be on the testing. The initial flow testing was done with various members of the JV and the government, and they show a chart from that and stated those results indicate a "high permeability reservoir with the ability to be a prolific producer". The full extended long-term test program now getting underway "will likely do more than the 1,200 hours of testing already done on E/A", and there are reasons why gauges are not yet in place and ready to go in other parts of the field. Check out the appraisal and exporation schedule. What is it you don't understand about "extended" and "long-term". They intend to do this correctly and thoroughly, and it will be complete before A6 is complete, or maybe even spudded. A minority of the shorts are still "alive" and "hanging around" doing their thing, but there is no longer any valid "short thesis" alive, except perhaps in the deluded minds of some still under-informed. Any of our industry experts think I've got something wrong here?