Nice buying pressure.Looks like everyone is anticipating some nice results. This step out could substantially increase reserves and sets up even more drilling locations.
This is a long term hold like Oilexco. I bought OIL at $3.50 a year or so ago. Been a nice little winner. Ithaca looks to be a repeat and nobody is paying attention.
Serica is another sleeper that's worth a few shekels at current prices. Chart is a good entry and they have 6 significant spuds in the next 6 months.
Another sleeper is GeoPetro (GPR on the AMEX - GEP.S on the TSX). Testing their first wildcat in Indonesia and before they even announced test results, they expanded their drilling program from 4 to 6 wells. Just spud their third well yesterday. Lots of news coming. Also have 100% of a big Texas NG field that is ramping up any day to ~50MM cfd. Awaiting final commission of their plant. GeoPetro is totally under the radar.