Resluts
I think the results are disappointing, to investors, as you had people like Union talking about possibly 6000 boes of oil being the initial average for wells in the area. That being said it seems like the market is overreacting.
Remember CS-8, I believe we had results in May 2010 around 1600 boe of oil but the well got blocked due to a mechanical problem. Why don't they revisited that well. If they could add that production they could be at 4000 + boe a day and afford to drill without doing a financing (something they have always been reluctant to do).
Bottom line is this guys need to dress this company up and sell it - they have been too slow to develop the land package. Let someone with deeper pockets drill it.