RE:There will be a bounce.....Yes, there will be a bounce. Look back almost a year ago when PFC bottomed at 0.09. There was SPECULATION that they might be bought out because Heritage bought a huge amount of shares, and Statoil was a JV partner- people thought those two would have a bidding war to take advantage of the undervalued SP. It rallied from 0.09 to 0.50 in a matter of days on SPECULATION. Once they select a few drilling locations, SPECULATION of an oil hit will drive the price up, possibly more than buyout rumors ever could.