Re: NR Started fracing--- Release
in response to
by
posted on
Sep 17, 2009 06:39PM
Developing large acreage positions of unconventional and conventional oil and gas resources
Each of the four planned fractures will be evaluated for flowback rates directly after the operation. Once these fracture stimulations have been completed, ExxonMobil expects to enter into a test period.
What exactly does the above mean? Thought we were waiting on test results that were currently underway. I am not educated on this industry like others on the board so please evaluate the NR for me please. Especially in regards to timing of actual results/news that would move us up or down. Dramatically :) Thanks.