Did the company says news on well at end of this week???
I didn't hear the CC so I may have missed it but thought I read that news could be out at the end of the week???The options were nuts today...Lotsa volume...Bought back my Jan 17.50 calls for a nickle just to be safe...glta
They were covered calls...I have been writing calls on 75% of my stock...I spent a nickle just in case news came out tomarrow...I know it's a rare event but hey maybe I'll sell some calls tomarrow too...I doubt it though as I think if/when this hits it could be huge...glta
Think the timing all depends upon how much back up validity JB wants. So if the quality of the initial drillpipe assisted log is good, the info will be out sooner than if additional logs and sampling is needed. The more data needed case could take 2-3 weeks easily, take your pick. And more time needed is not necessarily a bad situation either.
In the CC, JB first said that they "hoped to be logging the well by the end of the week". Later, he mentioned "next week" and "in the next two to three weeks, barring any further mechanical problems". This is deep drilling, so things can go sloooow. But, bottom line is that they were close to logging as per the CC.
Also, he mentioned that they were hoping to have the log results by the CC on Tuesday - and that they lost 8 days to the top drive failure. So, Tuesday + 8 days is another parameter that can be used to guestimate on timing.