RE:I see the pumpers have..............The gas exploration well they are drilling in Columbia sometime soon is a twin of an old texaco discovery made years ago that production tested 20 million feet per day of gas from a thin sequence of Tertiary turbidites. They are basically drilling right beside this old discovery well so very high liklihood that PNO's well will be successful from these very same gas reservoirs.
The production test data from their "discovery" well, which they will surely crank up to a maximum rate, will make for a very good press release and pop the stock. It will take them at least a year however to build a gas pipeline and start selling any gas from it, probably mid 2019, if ever for that matter, as one well will not be enough to justify the building of a pipeline.
I plan to start buying again in the low 20s when they announce the spud of the well within the next month or two, and then sell immediately upon news of the gas "discovery", which is really just the re-drilling of an old gas discovery so very low risk. Will have to sell very very quickly on the news as they will definitely do a private placement right after they release news of the "discovery". Plenty of time to buy back into the stock before the well starts to cashflow in mid 2019, if ever.