Next news releaseI do not think the release is being held for completion of LM12. LC2 is a Very important well and with the earlier hint of good shows while drilling, I think mgt is just taking there time with testing and will have lots of good news. Won't this well potentially have a big impact on new reserves, not to mention could give us a big boost in production? With cash flow king and the supplier of funds for future drilling, best to test and complete LC2 right. And do not forget, there were mechanical issues that caused a sidetrack, so there is more to this well to be considered.
LM12, I would prefer news on this is released separately to keep a steady news flow.
Even with good news we will need new buyers to exceed sellers. Hopefully news is great and sellers dry up, and we get some new brokerage houss getting on the buy bandwagon.
GLTA