Houson American Energy announces termination of testing on Tamandua #1
Houston American Energy announced that a determination has been made to cease efforts to test and complete the C7 and C9 formations in the Tamandua #1 sidetrack well. Despite favorable Logging-While-Drilling logs, cased-hole logs and mudlog shows, it was determined that continued investment in testing and completion is inadvisable at this time possibly due to formation damage while drilling. The company is encouraged, however, by the information gained from this well for the other prospects on the block. The Tamandua #1 wellbore will be preserved in a way to allow for further evaluation, if at such time in the future it is determined that it is warranted
Thats it... I am out. Next time I stick to gold and silver, I always make money on those. This was some F..'d BS buying this piece of S... stock! I feel bad about all us longs getting it in the backside. Shorts had this one figured out quite some time ago, evidently. Adios.