(Total Views: 625)
Posted On: 06/20/2018 8:10:22 AM
Post# of 1040
bracket material mine
“Barring any unforeseen mechanical issues, we expect to complete the perforation and stimulation[ of primary zones 2 and 3] next week, after which we will monitor the well before proceeding to additional zones of interest [ 2 secondary zones-may test 1 or both secondary zones].
“We recognize the keen interest in the MJ #1 well from not only our shareholders and the various Israeli regulatory agencies, but from many people who simply have strong feelings about Israel.
“As such, we treat this project with the utmost diligence, balancing a sense of urgency for results while continuing to insist on a zero tolerance policy regarding health, safety, security and environmental incidents.
“Management’s job is to provide long-term shareholder growth. Ultimately, that’s by finding and producing commercial amounts of oil and/or natural gas. Releasing partial or incomplete testing result information only drives short term speculation which is harmful to our long-term shareholders.
“Therefore, we will not be releasing any information, other than operational updates, until we have concluded the initial testing and analyzed the results of the primary targets at a minimum.
“This should take weeks, not months, unless unexpected mechanical issues arise.
“Barring any unforeseen mechanical issues, we expect to complete the perforation and stimulation[ of primary zones 2 and 3] next week, after which we will monitor the well before proceeding to additional zones of interest [ 2 secondary zones-may test 1 or both secondary zones].
“We recognize the keen interest in the MJ #1 well from not only our shareholders and the various Israeli regulatory agencies, but from many people who simply have strong feelings about Israel.
“As such, we treat this project with the utmost diligence, balancing a sense of urgency for results while continuing to insist on a zero tolerance policy regarding health, safety, security and environmental incidents.
“Management’s job is to provide long-term shareholder growth. Ultimately, that’s by finding and producing commercial amounts of oil and/or natural gas. Releasing partial or incomplete testing result information only drives short term speculation which is harmful to our long-term shareholders.
“Therefore, we will not be releasing any information, other than operational updates, until we have concluded the initial testing and analyzed the results of the primary targets at a minimum.
“This should take weeks, not months, unless unexpected mechanical issues arise.
(0)
(0)
