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Gold/Mining/Energy : Anvil Resources (V.ANV)

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To: Peter who wrote (1772)8/9/1998 11:17:00 PM
From: SAM-DAN  Read Replies (2) of 2214
 
My sources in Texas have reported that the company cleaning out the well, moved their equipement on the site on Saturday.Well will be cleaned tomorrow.The heavy valves and piping needed for an anticipated much higher flow rate than first expected has also been put on site.Halliburton will frac on Wednesday morning ,flow results usually known 48-72 hrs later, but history of this well seems to be that flow increases gradually so we may have to wait a little longer for stabilized flow rate.Ideally comingled flow will be so high that they will have to choke back.But that could be just wishful thinking but they are prepared for that pleasant prospect.
But we have learned not to count your chickens until they are hatched ala second frac.But at least it was confirmed that the well is in perfect shape and Halliburton is confident they have worked out the proper approach to frac these sands which are different than the first zone.

So we wait and hope.Once completed and connected to collection system its on to the next Target well.Subsequent drilling and development should go much more quickly from all the information they have gathered in studying this first well.Knowledge and lower costs associated with now having this knowledge will pay great dividends in the subsequent wells and will justify the time and expense spent on this first well.
Hopefully our patience will be amply rewarded.
But remember Murphy's law is always present.
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