GREY:PTVYF - Post by User
Comment by
CalifDreamingon Jun 05, 2009 1:53pm
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RE: RE: RE: RE: RE: RE: You have proof of insider
RE: RE: RE: RE: RE: RE: You have proof of insiderI agree it's a bit irritating to see constant selling, but not particularly unsurprising considering the long test period. The most prospective zone (C7) is the highest and the last to test, so unlikely anyone selling on any solid news.
And yes, I sold and took my profit, so not unhappy to be able to reload at substantially lower prices. It was too far, too fast without any solid news.
Something to watch is if PDP's La Pinta prospect comes in the deeper Cienega de Oro zone. Test results due in 7-10 days. If so, I suspect PTV will look hard at drilling a deeper test at LaMaye (to ~11,000' level). LaMaye looks lower risk as PDP found oil in the upper zones that PTV is targeting.