I expect everyone is anxious for results on the Leonard #1 Well. We should be ready to release testing results next week; however, I'd like to update you on progress.
As discussed in previous posts, completion of the first well on a lease can be time consuming. If done correctly, it requires the application of various completion techniques (acids, chemicals, fractures, etc) in discrete steps so as to isolate their effects. This is what we've been doing with the Leonard #1. As our friends over at iHub so helpfully pointed out, I did indicate that we would have preliminary results last week. Indeed, we do have preliminary results. But we will not release preliminary results because they are precisely that: preliminary.
That said, we will apply what we expect to be the final stimulation to the well on Monday. Final testing should take 24-48 hours, so we should be ready to report solid data soon after that. In the mean time, please keep the comments coming. Constructive feedback from our investors is always welcome.
Best,
-Shannon
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