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Thursday, November 02, 2017 10:40:32 PM
But I am sure that after today's press release, there are definitely going to be some accumulators sitting on the bid over the course of November.
No other company is discussing the fact that they have to put things on hold within their well because they have too many hydrocarbons and positive shows.
2.50 per share is cheap for a company with those kinds of problems in their exploratory well in an area that has not been explored for hydrocarbons in the recent past.
"As a result of the
1. increased level of gas,
2. positive logging results, and
3. belief that we are approaching a key zone of interest,
coupled with the fact that we had an extensive amount of open hole (~4,400 feet), we made the decision to case this section of the well.
After encountering a
1. material section of shale,
2. followed by a return to fractured carbonates
3. with continued increasing hydrocarbon indicators,
we felt it was in the best interest of all involved to take a conservative approach to protect the wellbore and help ensure we can successfully reach our target depth (TD).
I am not sure what everyone is looking for, but this makes me very happy.
"THERE WILL BE NO MORE DELAYS"
Something GREAT is HAPPENING to Zion $ZN!
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